Purchase price: $160,000 Sale price: $180,000 Contributors: Peter Vekselman Partner Driven, in collaboration with J.L.

Purchase price: $40,000 Sale price: $78,500 Contributors: Peter Vekselman Partner Driven, in collaboration with Julie Bilyeu, successfully completed a sale on South Holloway Church Road, Lexington, NC 27292.

As title states am interested in purchasing a 4-plex, owner occupying one unit and renting the 3 other.

I am newer to this forum so apologies if I am posting in the wrong place but I have a couple questions about purchasing a SFH with an un-permitted ADU.

Aloha Russell,I purchased a property in a floodway in Honolulu Hawaii.

Did you get an owner occupied loan on this property with the intent of renting it out?

Purchase price: $310,000 Cash invested: $15,000 Sale price: $425,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Carriage Lane, Oakdale, CA.

The broker/ acquisition fee is a percentage of the total deal (estimated property and reno) or just the purchase price of the property?  

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I feel so lucky that my personal portfolio was purchased using the low interest rates but that's not to say I won't purchase if I find a good deal.