A traditional financed deal with 10-20% down, cash flowing, minor rehab would be fine.

My advice for the remodel is to make the units comparable to what your market will allow. 

If you have trouble meeting the hefty requirements of traditional lenders message me.  

Ask your LO to compare the products so you know the difference paying monthly or single premium. 

I only need $70 K for the first deal.Bank 1 will give me almost twice as much money compared to bank 2.

Depending on where you live of course.Let's compare:1.

I am not interested in traditional bank financing since it does not line up with how I plan to expand or how I've met with my limited success so far.Quadplex is assessed at $275,000 and I collect $3,200 a month in rent.

Both have been acquired with traditional commercial financing (6% @ 25yr amm.). apartment with no moneydown (actually walked way with $40k and <10% money down on the multi-use property.

I want to start investing in real estate and bring in some cash flow. but there is two options that I need help with. there are two locations one less desirable but still you can find some good houses but alot of choices and the prices on the houses are very low. or go to another location where is more desirable but fewer houses I say like 5 percent compared to 80 percent of houses. but the houses are twice the price . you will get better rents but pay higher mortgage. another thing to add. pricier homes have alot less taxes. as a first time investor not knowing what to expect where should I lean too first. thanks guys for the info in advance.

Pros for cash buying:• You can often get the property cheaper because you can close quicker than someone attempting to buy with traditional fundings• You can do a cash out re-fi if you fix the property up and get it rented so that you can leverage that money on a new dealCons:• Your repair costs may be more than anticipated • Your money is now locked up in a deal and you may lose money if the deal goes south• Doing a cash out re-fi may take a while to get doneCash buying is a great way to employ the BRRR (Buy, repair, rent, refinance) strategy that is often talked about here on BP.