These are the numbers from the mortgage company:Closing Costs: $8,679.11 (half of this is lender points for a lower interest rate)Prepaid/Escrows: $2,211.79Payoff: $130,189 (this is the loan I took out to purchase the home initially before renovating, I put down $23,025 which was 15%)Total funds to Close: $141,079.90Loan amount (75% LTV based on $240,000 appraisal): $180,000Total Due at closing: $38,920.10Help!

Plus the closing costs won't really be double, they'll be cheaper for the cash buy.In my experience it's just as easy to get the refi on an investment property as it is the initial loan.

Purchase price: $93,500 Cash invested: $47,000 Two bedroom, one bath steps away from CSU in Fort Collins, CO.

I love everything I am learning and think I’m ready to take the next step.

Like a said, its a small victory but it got me one step closer to enough cash flow to retire from my day job. 

Hi @Minh Nguyen Good to see you are doing the steps to invest in your future. 

My question relates to the $91k (13 units x 7k) I need.I have heard Rod Khleif and others mention that you should always raise the renovation money along with your initial equity raise.

Not including initial financing ,and rehab cost.PITIUTILITIESCAPITAL EXPENDITURESLandscaping/Maintence

This thread has helped me come to the conclusion that I should probably buy the property as an investment property and not attempt to live in it initially.

I've read a lot about the upcoming vote on the SDSU West vs Soccer City Initiatives, however I'm curious how you all think this will affect the surrounding area real estate values?