Let's do a quick (I hope) and dirty look at it:1 - 100k SFH bought with a standard NOO Mortgage at 5% which rents for $1k, and lets assume; that unicorns exist and fart rainbows, you have 100% Lease Up, and $0 for repairs for the first, lets say, 5 years on all of your properties, and that we buy everything on the first day of the year.Year 1: You Spend 30k to purchase house, you owe 70k your payments are: 376 a month giving you a free cash flow of 1000 - 376 = $627!

Be sure to do your due diligence when looking to make a purchase. 

I just purchased a 4-plex for 550,000$ cash flow after all expenses is 700$/month.

I have family that is moving to Philadelphia and purchasing their first house.

I am looking to purchase my first multifamily investment property via seller financing and wanted to see if there is anyone who purchases deals creatively like this often or has done so in the past and wouldn't mind helping me get started in the right direction?

If you didn't do soils testing when you purchased lots, now would be a good time to understand any other hidden costs.

You want to have the numbers looked at in advance to be proactive and avoid issues in underwriting or on the next purchase.

Hello Arthur, I’m in the same boat and currently stuck with a property that STOA agreed to re-purchase.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Purchase price: $63,000 Cash invested: $70,000 Sale price: $215,000 Project Overview:a complete floor to ceiling renovation with an added bedroom, full basement reno, custom kitchen, and a full list of other upgrades. https://youtu.be/BXD5TU2VCsA?