My first home was a live in, I made $35k two years later, we did basically no renovations.

I also proposed doing interest only payments and he said he may be open to that as well.Obviously the owners expenses are missing a lot of things so I ran multiple scenarios below:This assumes Interest Only payments on a $1.1 million note.50% expense ratio (I/O payment) cash flow/month = $1887, COC return = 22.6%45% expense ratio (I/O payment) cash flow/month = $2397, COC return = 28.8%40% expense ratio (I/O payment) cash flow/month = $2906, COC return = 34.9% (I believe this will be the closest to true expenses with cap ex, vacancy, maintenance, management fee (although I will self manage)).35% expense ratio (I/O payment) cash flow/month = $3416, COC return = 41.0%Now assuming 30 year AM on same $1.1 million note:50% expense ratio cash flow/month = $156, COC return = 1.9%45% expense ratio cash flow/month = $666, COC return = 8%40% expense ratio cash flow/month = $1175, COC return = 14.1%35% expense ratio cash flow/month = $1685, COC return = 20.2%The market this is in is a cash flow market with minimal appreciation, so that could definitely come into play in 10 years when I have to refi with a bank, especially if I am doing interest only payments.

I think the seller is asking a fair price and she is not interested in closing until January, so plenty of time to find the down payment.At no money of my own in I think this is a great deal.

No complaints, then they are doing well but if more then a few complaints come in, I would start looking elsewhere. 4.

We are expecting some foreclosures in the mid 2021, will this make a difference considering that there are also several buyers/investors waiting for that to happen so they can jump in? I

So I am looking to get in to the terra haute market as a second market to do wholesale deals in I am already currently in another market doing deals.

Meeting and networking with other people intrested in the same areas your intrested in is an excellent idea to learn though.

Hi guys, I’m new to the group and am trying to soak it all in. I

How do I factor current rent in? I

If that property he's in is in its own Series LLC, that's the only asset he can make a claim against.