My guess is that the buyer structured this to where the purchase price will be $87,700 for the property. 

I finally saved up enough capital to purchase a decent town home or condo in Las Vegas.  

Ideally, I'd like to be all-in, including purchase and rehab, for approximately $115K-$130k while adhering to the 75% rule (or close to it) in a C-class or above neighborhood. 

So Jan 2023 I purchased a brand new home about 2 miles from the beach.

Now in terms of investment in these areas it can be quite tough because of the higher barrier of entry in terms of purchase price and demand for these pockets but there are still deals to be found.Anything in between Girard and Washington Ave University City/ Spruce & Squirrel HillManayunk & RoxboroughWest Germantown, Mt.

I am actually thinking if I should purchase one for my primary residence. 

Purchase price: $268,750 Cash invested: $60,000 Sale price: $430,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Hardin, successfully completed a fix-and-flip on N Deerview Dr, Lake Villa, IL 60046.

Hi Tyquan, An FHA loan would be an option for the use of a primary residence purchase. 

That comes with the expense of the refi - but if you were already cash-flowing on your new purchase, you will only improve your situation when you refi. 

The more efficient solution might be to purchase from Grandma with the 25% down..you ca use the income to help qualify and obtain gift funds or other sources for the down payment.