Off market How did you finance this deal?

The points an interest are something you'd be writing off on your end as cost of a project 

The problem in this case is the seller's primary reason for selling is he wants cash to pay off credit card debt.

Hi everyone, My fiancée and I have been given the opportunity to purchase our first investment property off market from a family member.

Its a great place to connect with others looking for advice, mentors, off-market deals, etc.

I’m stoked to be joining this awesome community of real estate lovers as I kick off my journey in Cincinnati, Ohio.

Once you have the judgement you can either hand it off to a collection agency or try yourself in small claims court.

Purchase price: $142,000 Cash invested: $37,000 Sale price: $237,000 This was an off-market property that was brought to me by a contractor who has done quite a bit of work for me.

As for how to write off old expenses, I am not certain.

If you can pull it off then moving in and improving over time then keeping as a rental works great.