Purchase price: $22,000 Cash invested: $35,000Currently rented. 1999 3 Bed 2 Bath Mobile Home Updated kitchen and master bath.

Purchase price: $165,000 Cash invested: $35,000 Sale price: $245,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Jamari Sprueli, successfully completed a deal on Greendale Lane, Jonesboro, GA.

I have read books and watched some videos on getting started with rental properties and I want to purchase my first one before the end of 2024 if possible.

In today's market, it can be hard for some people to tell what they should do with a specific property. 

He then substitutes the collateral, i.e. retires the $380k seller financed note exchanged for the $380k note he purchased for $260k.  

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

They can review your specific situation, the lease agreement, and advise on the best course of action.

If you have specific questions about property management, I'll be happy to help!

Initially I was planning to use a mix of cash and stocks to fund this purchase, but now having the second thoughts whether I should use  just some cash and apply to some home equity financing options instead to cover the offer amount. 

How are you planning to finance the purchase?