Updated over 5 years ago on . Most recent reply
I've found THE deal. What next?
I have been searching for properties in my area for a while now and I have finally found a property that seems to be a great deal!
After speaking to the agent and running the numbers, I got this: 16% cash on cash ROI and $224 monthly cash flow. This beats my goal of 10% ROI and $100 cash flow.
What's next in the process for me? What do I need to do going forward in order to close this deal?
Since I do not have the full amount for the downpayment, what would the best way be to present the deal to someone? What are the best practices?
I am looking forward to hearing what everyone has to say, thank you!