- Look into if property taxes are reassessed after purchase.

Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

Has anyone ever purchased a property from Omni Key realty in North Texas?

Good luck with your search/purchase!

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

Purchase price: $395,000 Cash invested: $100,000 Sale price: $570,000 Such a fun project!

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!