And who knows, if the first property turns out good I could probably get another one.Denver:Then he also brought up “why not buy a place in Denver, I could probably get you approved for 350K with a 3% down payment”.

This property actually looks like it would do pretty well if you just rehabbed it and brought up the rents. 

I was able to get a viewing and put the offer in through a realtor, but I brought the opportunity to him.

I was able to get a viewing and put the offer in through a realtor, but I brought the opportunity to him.

Me and my wife just brought a house, for a decent price not the best because it doesn't have equity in it ( A concept I just now learned).

glad you brought this question up @Ryan Weddle. appreciate the response @Jake Gross. i am looking to close on a rehabbed single family 1 mile from churchill and was considering the same thing. hold off on renting out until after derby and try to make some extra money with airbnb.

I knew the owner and I brought in an investor who fully funded the purchase and reno on a 50/50 JV profit share deal.

We tackled the other 10% and some Reno costs with our own money and we brought in an additional joint venture partner as well.

We ended up doing a new kitchen, bathroom, flooring, paint, repairs to any mechanical's, lights, appliances, etc.After finishing the home inspection there were a few extra things that were brought to our attention like the furnace leaking a little, vent pipe to the furnace rusting from now being mounted correctly.

Purchase price: $77,100 Cash invested: $6,900 Single family home that was brought to me by a wholesaler.