First Deal I've Analyzed - Questions, Comments, Pointers?

[Brian P Hamwey]

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[Steven Foster Wilson]

Quote from @Brian P Hamwey:

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*This link comes directly from our calculators, based on information input by the member who posted.

 Hey Brian, just for curiosity's sake what type of property are you looking at? Is it turnkey? Considering that the purchase price is 350K, you'll at least need the rental income to be at $3,500 to meet that 1% rule when finding deals. 

[Nate Sanow]

Am I reading it right, all cash? If that’s your thing, cool, but leverage probably could beat it. 

[Brian P Hamwey]

Quote from @Nate Sanow:

Am I reading it right, all cash? If that’s your thing, cool, but leverage probably could beat it. 

This is an off market deal that came across my desk looking specifically for a quick-close cash deal. I didn't think it would check all the boxes for a real estate investor. However, I have a cash buyer who has the majority of his investment funds (a number with 7+ decimal points) deployed in the stock market. He is looking to diversify into real estate assets that will build equity and cash flow for his family with less volatility. He is an older gentleman who's children are wanting to keep building his legacy. This could transform into future BRRRR investments as his adult children take the helm in the coming years.

Maybe I am romanticizing it too much...