You'll have a hard time using conventional loans around those price points.

Looking forward to connecting with other agents and investors on BiggerPockets!

The city taxed the owner out of business, charging $21k a year in taxes, and all potential buyers were aware of this tax burden.We had other bidders, many of whom were churches, but they couldn't secure financing due to the high purchase price of the building.If folks like Former City Councilor Sarai Rivera were so worried about what would become of the building, they should have come forward before the sale.Personally, I'm glad they didn’t because it's one thing to be forced out of business and have your selling options limited by the city's burdensome tax policies.

We're just looking for cleaning, not property management.We do need folks to either launder linens or take them offsite to launder, but need to keep the price reasonable.Many thanks in advance for any feedback or referrals you are able to share!

The units sold on the open market for about the same price as if they were Fee simple with separate land deed ownership.

but if it showed success it would likely give me the needed knowledge and comfort to move forward with other Multi fam deals instead of specifically focusing on single fam.

Purchase price: $51,000 After repair value $140,000.

Looking forward to your response

The YouTube video they sent me seems pretty straight forward so I am certain they are planning on installing the under sink water filter themselves.

Purchase price: $290,000 Cash invested: $85,000Bought this 6 unit condo set utilizing a seller finance structure at 0%.