For an $800k investment purchase, I would expect $200k downpayment, $10k-$15k in closing costs, and 1-3 points at $6k/point.

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago.

Since then, I've purchased 7 properties in my local area.

We purchased the house about 3 months ago and are owner financing it.

What if I told you that you could purchase this property at 20-30% of the initial price, would you take that deal? 

I recently purchased a burnt building and I'm eager to rehab it.

However, the LLC is grandfathered in, and so they are saying we would be able to still operate this if we purchased and managed under the LLC.Obviously a lot going on here, and I am still relatively new to this world (would be first STR in Nash).

Purchase price: $271,000 Cash invested: $30,000 Duplex with 1 bed, 1 bath in each unit + 3 car garage in a great neighborhood.

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

I’m looking to raise $160,000 to cover the purchase, renovation, and activation of this new Airbnb property.