Purchase price: $588,000 Cash invested: $8,000 1988 build duplex What made you interested in investing in this type of deal?

Purchase price: $588,000 Cash invested: $8,000 1988 build duplex What made you interested in investing in this type of deal?

You would need to put the home in oyur name which could have tax consequences then you are getting a loan to buy an asset which most likely will not cash flow.

It’s rare that a turnkey home would give you cash flow, so more likely you would buy something that needs a little work and is priced accordingly so that your loan amount is lower. 

What's the best way to beat an all cash offer as is with no contingencies and a quick closing?  

Possibly we could invest for appreciation only if it's close to breakeven with not too much negative cash flow and the upside appreciation is very promising.

Loan rates on the ReFi have prohibited us from building a bunch more 3-4 unit properties recently, just kills the CF of the deal, but going all-cash on the purchase & construction still pencils. 

Borrowing Against Equity: Costs and ExpensesCost of Cash-Out Refinance or Home Equity Loan:Interest Rate: Assume a 4% interest rate over 30 years.Monthly Payment: Approximately $716 per month.Total Interest Paid Over 30 Years: Approximately $108,000.Closing Costs:Typically 2% to 5% of the loan amount.

Property managers are paid a very small amount of money for their services.

Most sellers are not looking for a chunk of cash they are looking to solve a problem.If I was starting today I would be going directly to these owners who have listed their properties and have conversations.