Lastly, wholesaling ventures, but I have significant learning to do before I'm adept at this technique, since it is a first for me.Hope that's good food for thought.

It increases your purchase price by $800, but presumably, your profit on the deal would be more than $800 (hopefully a good bit more), so you're still making money.If you're assigning the contract, the end-buyer will see that he's responsible for covering closing costs and then it's up to him to determine how much he's willing to pay given that stipulation.Don't make things too complicated!

To me it is pretty complicated to get a property that will tie up cash.

Sometimes an interesting negotiation technique is to say that you can only pay a certain amount if the seller is willing to finance the deal at a certain, slightly below market rate with the understanding of some balloon payment.Sometimes their fear of owner finance will get them to negotiate more aggressively.You could also offer the 46500, then get a contractor in the house and renegotiate if necessary.All the best in your investing

Hello, we rehabbed around 12-15 properties last year and although some of the transactions were a bit complicated because we did a few double closes and what not, it should be easily figured out by a "Real Estate" Accountant whom I hired.

My earliest and best advice was from my Grandad (in his 80s at the time), who passed along the old English expression, when I was six:"Look after the pence and the pounds will look after themselves"Early advice aside, I've always had a philosophically complicated relationship with accrual of wealth, our hypocritical financial system - though have made piece with the fact that I need to be on the pointy end of it, broken or not.

You have some potential complicated moving parts in this situation.

Some states have much more complicated scenarios.

A good attorney in real estate law could probably tell you in 15 minutes what the legal effect is but it might be more complicated.

One technique I followed when I was starting and only had few properties like you was to gather all the cash I could to one place.