Purchase price: $580,000 Cash invested: $50,000 Sale price: $740,000 Live in flip number 2.

I am from southern California and it will be my first time acquiring any properties for investment purposes.I will actually be visiting the area with my parents 11/23 - 11/26 and will be glad to meet with any lenders, investment specialists, sales agents, property managers, on here from the area, who is knowledgeable and helpful in regards to first time investor needs and interests.Since I am new on here, I am looking for any general tips, suggestions, links, and directions on this site on where I can find more useful information in attaining my goals.Thank you in advance and I wish everyone the best.Chris

It is like any other for-sale-by-owner except that you don't live in it, don't fix it up, and sell it quickly.Good luck to you!

The pros I have found a few deals being able to access the MLS and I have saved cost on representing myself on purchase/sales.

I used BP calculators to run numbers as a Fix and Flip and as a Buy and Hold, with both cash and conventional financing in the interest of multiple exit strategies.Quick details:Property is a SFH in a trendy neighborhood, three of the homes for sale within a 5 minute walk are flipped homes.Property has 3 beds and 1 bath.

NetWorth Realty fees would have been 1% to list the house and 1% when the sale closes, but I decided to pay 3% if she sells the house and 0% if I end up keeping the house in case of heavy bias toward buyer’s market.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in October Single-family home sales increased 4.7 percent year-over-year, with 6,716 units sold;Days on Market (DOM) for single-family homes was 57 versus 61 a year earlier;Total property sales rose 6.0 percent, with 8,127 units sold;Total dollar volume jumped 9.3 percent to $2.3 billion;The single-family home median price climbed 3.6 percent to $234,653, an October high;The single-family home average price also achieved an October record, rising 3.5 percent to $294,500;Single-family homes months of inventory reached a 3.9-months supply, up fractionally from 3.7 months last October, but below the national supply of 4.4 months reported by NAR;Townhome/condominium sales dropped 2.9 percent, with the average price up 4.9 percent to $206,838 and the median price down 2.2 percent at $152,900;Leases of single-family homes rose 7.3 percent with the average rent down 1.1 percent to $1,754;Volume of townhome/condominium leases fell 6.8 percent with the average rent up 1.2 percent to $1,550.

Purchase price: $189,000 Cash invested: $20,000 Sale price: $207,500 3/2 brick rancher Used as residence and rental property How did you find this deal and how did you negotiate it?

Unfortunately, the area I'm looking at lacks much on the market because ideally I would prefer to take an existing building and overhaul the inside, hence exploring the option to build now.As I look at the existing commercial properties for sale, I see that there are designations on the property type.

However, the appraisal just came back, and they used the sale comparison approach.