PNC offered $2g for closing cost.

**Please note I am not an attorney or CPA, but have been around the block and have set up these structures only to turn around close them because they made no sense.

When cash buyer closes the original seller gets paid and the wholesaler is paid the spread between what they bought and sold for.

I understand there could be big difference between two towns that's close to each other.

I believe it’s 6 months or a year after close.

Here are the stats:$119,500 Sales priceComps around $240,000Rental approx $2,000 per month (close-ish to the 1% rule)Flip would likely render about 26% after work (I know not the 30% but close)Turn around would take about 4-8 weeks (think it would be closer to 4 with the right team)Which way would you take this and is this something you would jump on if you had the chance?

We closed on our second investment property today!

It was easy to keep a high occupancy rate with the location being close to 2 universities.

Bear in mind though that inferior properties renting for close to nothing because they're empty will still be competition.Hope this helps!

No matter what, if this is your first investment property deal, you will have to have some "skin in the game" with anywhere from a 10% to 25% down payment, plus closing costs and required reserves.