You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot.

Purchase price: $165,000 Cash invested: $25,000 Sale price: $234,900 Partner Driven and Jamari Spruell completed a successful fix-and-flip on Mount Zion Blvd, Ellenwood, GA.

Purchase price: $60,000 Sale price: $70,000 We assigned our property interest to a cash buyer, stemming from a bandit sign lead.

We're researching keeping this property and purchasing a new house in NE.

Same thing with your HELOC, if it's a $0 payment, it's a $0 impact.Not discouraging the purchase by any means, but food for thought: "There's no free lunch" if you're getting a below market rate from the builder that's getting paid for in the purchase price.

But right now, I wonder if a total newbie in this should really be trying to get a small loan (50k) to purchase two house around 60k each?

Apartment buildings can be a great investment but you have to buy in an area that is appreciating and purchase a building that has good returns, hi-occupancy, and little overhead. 

I purchased a duplex at a shore town in NJ.

Especially under the TPC, the disclosure should be in writing with assignor, assignee and the seller (titled owner) acknowledging the assignee intends to assign the contract and not consummate a purchase.

My first real estate investment was in Syracuse NY in 2005.I relocated to Augusta, Georgia in 2006 to learn with a multi-family investor/mentor.And then in 2009, I founded Auben Realty, which has grown from a small local shop to a regional presence with current locations in Chattanooga, TN, Columbia, SC, Greenville, Atlanta, Charlotte and Jacksonville.Recently, Auben purchased a property management company in Kansas City to begin our Midwest expansion.