Divide the remaining money over your equity and your left with a cap/% return that will allow you to see if you are making a good enough return on ur money and also compare another property/investment.  

*Lessons Learned:-Have more control of the sale-Verify your cash buyers-Be firm on closing dates-Several other lessons-Remain positive!

You take them up on this and supply the remaining $20,000 to get the property rehabbed completely and then rented.

The bank takes the property.And then, if there's any additional amount still owed, they come after the remaining properties for the balance.

When he finishes first chunk, pay him the remaining 1k and then the 1k for the second chunk, etc.Now you probably won't be able to get the chunks to come out exactly at 2k apiece.

I wish I could implement them, but the front door needs to remain in the current location due to floor plan issues inside.

Hi all,I’ll keep this to the point as I’m sure there’s millions of posts like this.My situation: Soon to be college grad (May 22), chemical engineering job making 75K before taxes. 0 debt, 720+ credit score, and about 20K in reserves.I’ll be working in Colorado Springs, CO starting this summer and want to get some assets under my belt and there’s 2 options I see.Option 1: buy a small SFH for myself, live in it, then after a few years buy a second small SFH and rent out the other.Option 2: Try a BRRR but remain renting where ever I end up renting.Option 3: repeat option 1 but with condos instead.I have a good tolerance for risk but I want to keep things as hands off as possible long term.Background:I am familiar with analyzing deals, finding a good agent, etc., I was looking for deals (on market condos) for quite some time in MA while in college.

The lien remains on both parcels as 1 loan.

I think it works better if you have a small number of partners, and your ownership remains substantial.

Look for owner financing deals and try to raise money from friends and family for the remaining equity.