It has a strong potential for cash flow.

We are from California and looking for investing in STR for tax purposes and good cash flow.

Purchase price: $168,000 Cash invested: $28,000 Sale price: $245,000 Converted primary residence into buy-and hold in 2020 and sold in 2024 when tenant left and partners needed to go their separate ways What made you interested in investing in this type of deal?

MLS, cash offer no contingencies.

I have 125k cash and own some land outright worth ~100k. 

Are you cash flowing the property?

His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence. 

Interest is awesome as long as it creates cash flow and is making you money.

My point is the process of investing in real estate is not as fluid as it seems and for busy people it may even turn them off or they may just start splurging money and expect high cash flow and that won't happen.

also do you recommend selling coop before buying or buying first if I sell my coop first 260k after all fees and at the moment I have 60k cash in the bank not sure if it will be enough for closing ?