Total is 600-700.

For my 45 units, which is 6 different multifamily complexes, I put up a total of about $8,000 in downpayments/earnest money.

I'm looking for advice on how we can somehow come together:My desired terms:$5k down (applied to down payment if purchased)$1495/month with $200 rent credit1-year purchase at $375kHis counter:$5k down and then an additional $5k down at 12 months and 24 months (all $15k total applied to down payment at purchase)$1100/month with no rent credit3-year purchase at $365kBtw, market rent is $1195-$1295.

You forgot your cost to market and sell the property!

I TOTALLY AGREE WITH YOU.

Most investors come on short term visas of one month and then extend for a total of three months.

(do you need permits for any of the work - call the town to ask GENERAL INFORMATION about permits and such).k, so 12k in repairs and let's say 12k in closing costs = 24,000now let's just saaaayy, you'll have a mortgage payment, and i'll just throw a number out there to save time and typing = 2500 month (includes PITI)and you plan WORST CASE SCENARIO OF HOLDING TIME - 6 MONTHS= 15,000you sell it with a realtor = 3% comm at 300k = 9,000add it up = 48000 total cost of project soup to nutsso, you buy for 239k + 48,000 = 287,000 sell for 300k...profit = 13kbasic but you get the point - try this: you probably shouldn't pay more than 180,000 for it.

With real estate investing if I put good in, I get good out, with most jobs you can put good, or even great in, yet you are totally dependant on what the human filter between you and the end.Any hardworker who has been downsized will tell you that.3.

The owner & I couldn't agree on a price and I quickly forgot about it.

I have a rental that is 150k. it rents for 1250 and there is no mortgage. i have done some math recently and found that i can get more return on rental income if i own a total of 3 properties with 50k down on each.