Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

@Alexandra BermanMost conventional financing requires the property to be insurable (livable).

To illustrate the seriousness of the situation, consider this example: an apartment on Calle Princesa in Madrid, a premium area, valued at 450,000 euros and 70 square meters, will be legally required to rent for a maximum of 950 euros per month.

@Ashish Acharya, @Basit Siddiqi, @Natalie KolodijThought that a single member LLC doesn't require a separate return and everything flows through to the 1040 Schedule E?

Should I be looking in less desireable neighborhoods?

He encourages investors to continually educate themselves, consult with professionals, and leverage technology to stay ahead in the market.ConclusionNavigating the real estate market for long-term investment success requires a deep understanding of various factors, including market trends, property management, and economic indicators.

Most states require a licensed agent to show a property they don't have ownership in.So, your options:1) Find someone here on BP to illegally help you.

If you have $20,000 in equity, then you can require the buyer to pay you for the equity and then assume the remainder of your mortgage.

Or do the lenders require that I establish primary residence first, before getting an fha or a fannie mae loan for a primary?