This deal was sourced through New Western and was sold as a 24 hour highest & best offer.

These properties are valued at a combined $430k and are both mortgage-free.

Feel free to ask your questions in the forums.

As I said before, I have a lot of investors that contact me about these types of properties so feel free to contact me directly.

Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?

I know of several 10-20unit in the Cleveland area that offer great cash flow and a good tenant base.

Although if you paid cash, youre always free to forgo insurance and assume the risks yourself.

We offer a service to find owners or apartments willing to do arbitrage in our area.

Feel free to reach out if you need any help.Best of luck!

Both avenues offer unique opportunities and challenges, so choosing the right path depends on various factors that are specific to your financial goals and risk tolerance.Investing in Residential Real Estate:Residential real estate is typically the more familiar option for many investors.