If you decide you have interest in participation in small multifamily deals in Birmingham, please stay in touch. :-)

I’m sorry if I didn’t make that clear, I’m barely breaking even with these homes and paying more out of pocket for operating costs and repairs.  

If you rent to own for 20 years, you have no asset at the end of that 20 years and barely made anything because you were paying your mortgage off to give the house to someone else.

Hope all is well, one thing for sure a few years back I noticed not a lot of people from newark nj participate in this website.I was also looking but decided to learn how to wholesale instead and had great success.Now fast forward I'm still new but have cash, not sure if your running into the same problem but im having issues finding realtors, reliable ones anyways.We should connect because im looking to use a FHA, 203K or just wholesale again or out of state investing because I know I'll be able to leverage my funds further.One thing for sure the stock market and real estate makes no damn sense at the moment everything is high for no reason. 

We have finished the renovations on these units taking them down to bare studs with fresh new sheet rock, ceramic tile flooring, new kitchen cabinets, built in microwave and dishwasher.

Also, I’ve been a believer in the “show just barely enough cash so they don’t counter higher”.  

I think its wonderful that you both can participate in a project like this, and there are many exit strategies available.

If your net worth (income minus expenses) is under $200,000 or barely save $30,000, syndications are not for you.

The developers that do this have such a tight grip on their construction contractors (an interesting and sad story within itself) that they have the homes built for bare bottom dollar.

Those numbers with a conventional 20% down will barely cash flow, if at all.