I would prefer to avoid banks completely but this was just an idea.   

Nice work  keep it up.. love it when you actually buy and a principal and sell as a principal.it only gets better.I don't know what my record is.. but if you do this game long enough you will get some whoppers..

Just my preference and it's worked really well so far with 0 turnover from a rental increase.

Hey everyone. I’m Isaiah a 20 year old broke inexperienced young adult that is highly motivated to get in this business. I’m very determined to learn everything I can. I’m looking for a mentor. Or someone to teach thi...

I play way too many video games, which I probably need to quit doing so I can focus on important things. 

These offers have a purpose to outlay the following circumstances: Offer 1 – asking price with traditional financing, offer 2- offer based on NOI and local cap (what would prob be norm if they took to market), offer 3 – lower purchase price (higher than NOI/cap offer but below asking), using 97% seller financing & preferred terms (don't know what they will say unless you ask :)).Buyer Performa used for all offers:Scheduled Rent: $3,900 Tax & Ins.: $850 8% Vacancy Rate (average is 7-8%) 4% Management Expenses 10% Capx/Maintenance (I’d prefer 15% but I’m ok with this giving value add opportunities I've identified) Offer 1 – I want to show the seller what their ideal deal looks like with their asking price and how it doesn’t work with traditional financing that creates negative cashflow for buyer.Purchase Price: $400,000 Down Payment: $80,000 Loan Amount: $320,000 Loan Payment: $2,292 monthly (bank with 6% and 25year amm.)

"Once you have won the game, it's okay to stop playing it."

It's all a personal preference as to when you want to get started.

HML and private money requires some skin in the game, you need a sizeable down payment if you’re inexperienced. 

I'd prefer to buy just one of these duplexes to start out because it would be easier to obtain financially.