I have a condo flip that we have listed last week and we have an offer. the issue that I am going to run into is that all the properties in ghe complex, that have sold in the last 2 years were all distressed. 3 foreclosures, and another 1 was an arms length transaction that was aunt selling to niece.

Should close by the end of the month.The Numbers-Sale price: 75kLoan: 80k (closing costs financed)Rent: 775Taxes: 74Mortgage: 388Insurance: 66Maintenance/Repairs: 38Property management (11%): 79CAPEX: 60 (relatively new big ticket items)Cash Flow (self managed): 94I'll have roughly $700 to put towards closing costs and $900 to spend on appliances.

I just closed, they have no idea the house was sold.

Here is an example using the numbers for one of our average deals this past year.Purchase price 62kRehab, holding costs, closing costs 19kAll in 81kARV 90kBank Loan 67,5002nd position investor 10,000.We sold property for 99,900 on a 5 year option with an option fee of 3900.Our total into the property about 2,000.Rent 895Bank loan 434Taxes and Insurance 81Services 34Maintenance 0 (The property is renovated and the tenant is in charge of fixes)Vacancy 0 (The tenant has a 5 year lease with option to buy)Cash flow to investor 92Cash flow to us 254We don't budget for maintenance or vacancy because we use the lease option model and if the tenant does break the lease early we will just fix up the property with our own money and we will replace the money used with the new option fee from a new lease option tenant.  

Items that you can potentially use Bonus on: 5 year property that qualifies- Blinds, appliances, carpet.

I know some investors in their 70's that played small ball when they could have sold an traded up.

I talked it over with an agent an another BP member and it seems like I'd make a 15-20k profit if I sold, which I'd use to invest in another property.Here is where I have a few questions for you all;1) Starting out and lacking a lot of funds, what would you suggest as the best entry into the real estate world?

:I've always had a desire to own investment property, but had always assumed it would be something I could do down the road a decade or so, once the kids were grown more and I had either sold my business or expanded to the point of excess cash-flow and less daily obligations. 

Good morning Alabama experts,I wanted your opinion on why the Appraised Value is so much higher than the Value that properties actually sell in Alabama (Calhoun County) ? In other states like Georgia it is mostly the ...

The property was foreclosed on in 2010 and sold for 110k(bank wanted 206k HUD home listing); right now the bank re-forclosed on the 110k loan recently in Dec 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!