Hi everyone,I'm looking at purchasing a 7 unit property, duplex and 5-plex, in Nevada.

Hello Everyone,I currently own a property in the 38141 zip code and am considering purchasing another one.

Listen to podcasts, watch YouTube videos, find others in similar boat and meet regularly online to discuss. 

Anyone know of an institution/bank/whatever that lends in WA state willing to do a purchase money second up to a 90% CLTV? 

You only have to purchase at least as much as your net sale and use all of the cash from your sale in the purchase.1.

Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

I have a signed purchase agreement with the seller and have proof of being able to go through with the purchase on my end (financing good to go, title company set up, etc.).  

So just take that into consideration with the purchase

@Ryan BiankowskiYou absolutely can.Research your market, come up with a flip strategy (what type of house you will want to purchase, how you plan on finding this property, what area you want to purchase, how you will come up with financing), find the property that fits this strategy, secure the financing, and close on the deal.

In your experience, would you advise that it's best to avoid the complexities of the foreclosure purchase process as first property newbie, OR proceed with caution under the right circumstances.