To me it is pretty complicated to get a property that will tie up cash.

Sometimes an interesting negotiation technique is to say that you can only pay a certain amount if the seller is willing to finance the deal at a certain, slightly below market rate with the understanding of some balloon payment.Sometimes their fear of owner finance will get them to negotiate more aggressively.You could also offer the 46500, then get a contractor in the house and renegotiate if necessary.All the best in your investing

Hello, we rehabbed around 12-15 properties last year and although some of the transactions were a bit complicated because we did a few double closes and what not, it should be easily figured out by a "Real Estate" Accountant whom I hired.

My earliest and best advice was from my Grandad (in his 80s at the time), who passed along the old English expression, when I was six:"Look after the pence and the pounds will look after themselves"Early advice aside, I've always had a philosophically complicated relationship with accrual of wealth, our hypocritical financial system - though have made piece with the fact that I need to be on the pointy end of it, broken or not.

You have some potential complicated moving parts in this situation.

Some states have much more complicated scenarios.

A good attorney in real estate law could probably tell you in 15 minutes what the legal effect is but it might be more complicated.

One technique I followed when I was starting and only had few properties like you was to gather all the cash I could to one place.

Principle reduction is much more complicated due to the tax benifits part and is a topic for another post.

Granted, I know there are scenarios where the responsibilities would get more complicated, such as move outs, filling vacancies, evictions, etc.