Purchase price: $168,000 Cash invested: $28,000 Sale price: $245,000 Converted primary residence into buy-and hold in 2020 and sold in 2024 when tenant left and partners needed to go their separate ways What made you interested in investing in this type of deal?

Yes, %'s based on offer price to sales price & NOT net to HUD.

Command a better price or don't use a HELOC to fund it.

For the purchase of the new property, you can consider a seller carry offer (balance of purchase price minus the down payment) or obtain a new mortgage on the commercial/resort. 

Unfortunately you are going to get different answers from different people, especially from Realtors trying to solicit business in their market.What I have been noticing is that even in landlord friendly markets, prices are high.

I would price out both Heloc and cash out refinance side by side to look at best options.

Prices have fallen 25-30% since the peak.

Still, even breakeven with nothing down is quite an achievement IF you’re NOT paying an over market price in exchange for the owner financing of what would normally be your down payment.  

Purchase price: $131,000 Cash invested: $2,000 Sale price: $189,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Hardin, successfully completed a quick flip at Waters Edge #A, McHenry, IL 60050.

Purchase price: $22,000 Cash invested: $30,000 Sale price: $145,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Faith Home Rd, Space 119, Ceres, CA 95307.