Purchase price: $65,000 Cash invested: $29,970 Contributors: Randy Charboneau 1 of 3 properties purchased out of a 1031 Exchange package from another investor, using a 40% down payment from my solo 401(k) and a non-recourse loan from First National Bank of America brokered by Mark Robbins (Lending Resources Group).

Purchase price: $75,000 Cash invested: $33,970 Contributors: Randy Charboneau 1 of 3 properties purchased out of a 1031 Exchange package, using a 40% down payment from my solo 401(k) and a non-recourse loan from First National Bank of America brokered by Mark Robbins (Lending Resources Group).

If you can find a lender that knows the area, they won't be automatically "scared off" like a larger, national more cookie-cutter company may

You almost can't go wrong near a national park or on a beach... just saying.Cheers!

These small institution have investor friendly financing products.Also, home equity line of credit is a good tool to have to cover the rehab cost.

Also to the question about Columbus or Cleveland I guess it depends if the buckeyes win the national championship and if the browns win the playoffs.... 

Any large, national, publicly traded bank is completely out for what we do.  

There was a MASSIVE dislocation between purchase price and rental price (there still is, compared to the rest of the nation).Fast forward; bought, renovated and now manage about 600 of them, all in Chicago area.

Come on folks do you really want to turn our nation into a socialist or communist country?

On average in the nation right now with direct mail in mid 2018 the average wholsaer is spending  $5,000 in marketing per one deal.