Just closed on one from an email a few weeks ago we purchased for 32k and it's going up on the MLS today for 80kHope some of that helps!

There are some non-QM products that allow "gifts" to be used as down payments on investment purchases. 

Purchase price: $Cash invested: $Completely renovated SFH, 3/2, built in 1999, 1214 sq ft with a new roof installed in April 2024, state-of-the-art smart LG appliances, and luxury vinyl plank flooring throughout.

The purchase price is $27,500.

It might not even be accepted on your initial terms and most states have buyer focused contingency periods, or a statutory period of 7-14 business days to remit the deposit, perform inspections, organize appraisals and generally renegotiate or cancel without risk to the buyers earnest money deposit.

Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.

Purchase price: $35,000 Cash invested: $280,000 Sale price: $440,000 purchased vacant lot, built home, sold How did you find this deal and how did you negotiate it?

The properties that perform the best in the Smokies generally have an amenity that cannot be purchased at Lowes:  A quarter mile from Dollywood, an amazing view, or waterfront.  

We purchased 11 lots across the street from our homestead Approx 20 years ago in order to prevent building and overcrowding.

Quote from @Shaylynn O'Leary: Hi everyone,  I'm a new investor looking to purchase my first investment here in the next few months.