He's fast, clean and priced right for labor.  

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Some sellers cannot/will not deal with their tenants and will take the price hit get it sold.  

Your gain is sales price less sales expenses less adjusted basis.Your adjusted basis is purchase price plus improvements less depreciation.Also factor in any passive loss carryforwards when calculating your gain.Your CPA should be able to discuss with you what tax implications would be upon sale.

Then we want to buy another duplex with the same price and a 5% down payment under my mom's name since she will be living in 1 unit and rent the other unit out.

The broker/ acquisition fee is a percentage of the total deal (estimated property and reno) or just the purchase price of the property?  

We service seller take back mortgages on investment properties and we have found that sellers can usually  get a higher sales price by holding the financing.

Come June 26, 2024, I'll be making a move to your vibrant city, and I'm already thrilled to join the local real estate scene.With 10 months ahead of the move, I'm eager to connect with like-minded individuals, understand the neighborhoods, and explore potential investment opportunities.

Hello BiggerPockets, I recently got the opportunity to purchase an off market property in Las Vegas about 15 minutes west of the strip.

He used this experience to motivate him in his work and be grateful for the opportunity he had.