Can I buy it straight from the owner?

I bought a triplex from my family in September of last year...hope to have that paid off the summer of 2020....but I have a buddy who is just finishing up a brand new duplex he built...block foundation..siding 2 bed one bath...1100 sqft per unit.... everything new.....he wants 100 a sqft...so it would be 220000 for the place...he's going to rent it out a year before he sells it...he said hes hoping to get 650 a unit....1300 total per month for rent...my triplex will pay itself off with the rent going straight to my mortgage and me having to have cash at the end of the year to pay taxes and all the stuff ( which is no problem)....just wanted to see what everyone says about this duplex and if I should go after it....it's not even close using the 1 percent rule..thanks for your response

After that it’s straight profit.

I had my driveway done from gravel to asphalt last year and it cost me $5k (one layer) for probably what amounted to paving 65yds straight would cost as my driveway is about 120ft long and has a wide parking area at the end.

If that doesn't work for you then think about a straight refi on the property that has the HELOC and just capture the cash that way. 

I would think so too if my friend didn't set me straight.

NOI (total operating income - total operating expenses) / Cap Rate (Current Market Value) = priceFor Example a 200 unit Class B+ Asset in an A location in Indianapolis at a 5% Market Cap Rate$1,000,000 NOI / 5% Cap Rate = $20,000,000 or $100,000/ unitProperties don't trade off of straight cash flow because free cash flow is "below the line" and after debt service, capital expenses, and reserves all which may change with ownership.

Basically you eliminate all of your checking and saving accounts and put all your deposits straight into your HELOC on your primary residence.

I love how everybody is honest, straight forward, and very knowledgeable about the market. 

I know cash is pretty straight forward.