Coming from an investor friendly title agent @Laura Richards is an awesome investor friendly attorney.

They are owner financing the deal as follows:Proposal for Cicero House (Divided equally among Greg/Sharon/Laura)$129,000 purchase price AS-IS$43,000 each to Greg/Sharon/Laura---------------------------------------------------------------------------------------------------------------------------------------Loan Information (Greg and Sharon)$3,000 each for Greg and Sharon up frontLoan amount is $40,000 each for Greg and Sharon3% Interest rate on 30 yr loan for first 5 yearsFIRST 5 YEARS (first 60 payments) 30 yr $40,000 loan at 3% Payments are $168.64/month ($57.53 to interest/111.11 to principal)AFTER 5 YEARS (next 84 payments) After 5 years, the remainder of the loan ($33,333.40 each) converts to a second loan7 yr $33,333.40 loan at 3% Payments are $440.44/month ($43.61 to interest/$396.83 to principal) *I have the option of paying off or paying extra on the loan at any time------------------------------------------------------------------------------------------------------------------------------------------Loan Information (Laura)Loan amount is $43,0003% interest rate on 5 yr loan$772.65/month payment to Laura ($55.98 to interest/ $716.67 to principal)Laura’s rent payment and living termsLaura’s rent payment (including water/heat) will be fixed at $1,172.65/month for a 5 year lease $772.65/month comes from the payment she gets from me every month$400/month comes from herRent is locked in at $1,172.65/month for the next 5 years, it will never increaseHere are the financials for first 5 years: cicero MONTHLY YEARLY Income Expense income expense Rent 1st floor (includes water/heat) 1200 14400 Rent 2nd floor 400 4800 equity gain on loan 222 Mortgage (on 40k-$190/30, $266/sue, $295/15@4%) 337 4044 Taxes 655 7860 Insurance 0 0 water 120 1440 heat 60 720 snow (tennant) 0 0 grass (tennant) 0 0 garbage (included in taxes) 0 0 HOA 0 0 vacancy (8% of one unit) 99.6 1195.2 capital expenditure (5% two units) 118.6 1423.2 repairs (5% two units) 118.6 1423.2 prop management (10% of 1 unit) 120 1440 TOTAL INCOME/EXPENSES $1,600 $1,629 $19,200 $19,546 Cash flow -$29 -$346 income including equity gain ($772) 2372 28464 equity gain (laura rent) 772 9264 NET GAIN $965 $11,582 Actual Cash flow (not incl prop mngt) $91 $1,094.40These are the financials for the following 7 years: Rent 1st floor (includes water/heat) 1200 14400 Rent 2nd floor 1172 14064 equity gain on loan 599.64 Mortgage (on 40k-$190/30, $266/sue, $295/15@4%) 643.74 7724.88 Taxes 655 7860 Insurance 0 0 water 120 1440 heat 60 720 snow (tennant) 0 0 grass (tennant) 0 0 garbage (included in taxes) 0 0 HOA 0 0 vacancy (8% of one unit) 99.6 1195.2 capital expenditure (5% two units) 157.2 1886.4 repairs (5% two units) 157.2 1886.4 prop management (10% of 1 unit) 120 1440 TOTAL INCOME/EXPENSES $2,372 $2,013 $28,464 $24,153 Cash flow $359 $4,311 income including equity gain ($772) 3144 37728 equity gain (laura rent) 772 9264 NET GAIN $1,731 $20,771 Actual Cash flow (not incl prop mngt) $479 $5,751.12This is my first deal so any help would be GREATLY appreciated!!

Laura Alamery Thanks alot.

@Laura GranelliFor investing, it's all about the numbers.

Laura Granelli Based on the (limited) info provided, I’d say “back out”.

Originally posted by Laura Alamery:@Steven DixsonI have been investing in multi families in "war zones" and in nicer areas.

Laura Tokgozoglu Our agent set us up with a portal to the MLS in Lynchburg.

Hi @Laura Moreno I think the location and property seem like good investments, just not as good as those numbers the listing broker put together. 

@Laura Allen Thank you for your feedback!

Laura