Savan cool well it is good to start and when it is the first deal it is wiser to be cautious and not over extend one self on the payment and rehab costs.

Hopefully, my insurance will pay to replace the roof for House A, but I am debating whether to replace or repair the roof for House B.

If there is little to no equity, the borrower may not be able to sell the property on the open market because it would require cash at closing. 3.

Your lender just needs to wire adequate funds to close.

Rather than provide an example using commercial property, I’ll use the example of a property I purchased two months ago as a personal (2nd) residence, from the viewpoint of the seller.

Purchase price: $8,000 Cash invested: $2,000 I purchased 2.5 acres of Raw Land in Joshua Tree, less than ten minute drive from the park and downtown area in 2018.Purchased via seller financing.2k down with monthly installments to pay out rest.Current similar lots are selling for around $65kI plan to hold long term Would eventually love to develop something on the land-either an art park or residence.

Partner Driven was drawn to the N Lofgren Rd property due to its solid potential for value appreciation.

There are too many variables to get any kind of meaningful prediction.

Hello All, I'm new to the investment industry and I have little knowledge of how to start the process.

So the lender keeps their commission haha.You can use your purchase value to refi down if you like.