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.

As one participant said, it is not 2009 and inventory will not be coming from foreclosures.The main takeaway is that the best (and only) way forward is going to be in the construction of new, intentional build-for-rent (BFR) communities.

Still, I'm a naturalized citizen myself, and I would be extra careful with anything related to immigration.If your plan faces hurdles, you can allow your CPA to file your tax return as is with an intention to amend later thru another accountant.

Short story, I recently purchase an investment property.