Completely not interested in having jerks and dealing with them.Please do not advise to have a property management company as I will not.I only have a few units and I have a full time job so this is a passive income.My rent prices are slightly below the market value.I live in Tennessee.Thanks

Investment Info:
Small multi-family (2-4 units) buy & hold investment in Milwaukee.

Purchase price: $420,000

Cash invested: $5,000

Sale price: $460,000

Owner occupied, received multiple of...

Hi everyone,Situation:A foreclosure seller called me back today to finally make a deal. 

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

Lead Sherpa is a quality program, but its not cheap.

That's a rough area Tim......You're going to be dealing with an uphill battle getting quality folks to take on a property like that one.

Anyone have an attorney that they could refer me to who’s investor friendly & that understands as well as structure wholesale/assignment of contract deals in Orange County NY area?

To get started, educate yourself on real estate investing, join local investment groups, analyze the market, prepare financially, find suitable properties, and analyze the deal.

Hello Yishi,I deal with 1st position mortgages on New Construction, I would say that investor capital can be all over the place in terms of rates. 

., (I don't know the philidelphia sub market, this might not be a deal) $125,000 Purchase, $75,000 rehab, if you can get an appraisal for $300,000, you can get all your money out, and probably cash flow $500+ per month.If I started investing again, I would have started with getting my real estate license.Happy Hunting!