Im in the process of purchasing a brick 2 unit from them.

.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

. - $50k is going to be really tight. 20-25% down on a property is not $40k on a 200k purchase.

However, after years of disciplined saving, I've finally reached a point where I can make my first property (a small apartment) purchase last year.

I'm a smaller self-managing investor (just closing on door 17 this week) and have been using Cozy.co ever since I purchased door #1.

@Tim Kaminski, Using the 1031 exchange will allow you to exit your older Pinellas properties and purchase newer properties elswhere that are not as big a risk from capital expense or natural disaster. 

Why do you think purchase contracts are so long and have such small print?

Based on my analysis, the recommended Purchase price is coming up way lower than the asking price.

Hi All,I recently purchased my first investment property and am going through the closing process.

Last year, I purchased my first multi-family property in Holts Summit Missouri.