My last three commercial purchases all crapped the bed somewhere between inspections and closing because the sellers were a little too big for their britches.

Purchase price: $289,000 Cash invested: $106,000 4 bed 1.5 bath, value adding to this property to a 4 bed 2 full ball and finishing the Attic and basement What made you interested in investing in this type of deal?

If you like your gig and making money from it.Real Estate is first purchased as an investment.Any potential tax decrease is a plus.Comparing real estate with other investment types such as stocks / bonds, real estate will likely get you the best after tax return.

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

The last two deals I bought had fallen through a week before closing, seller was counting on having the funds for their new purchase, had plenty of equity and they were happy to find someone who could step in and close on (almost) the original date, even though for a lower price.

I would think that if you have an FHA Loan in place you could easily keep this property and turn it into a STR.Also, you can have up to 10 FHA loans out at 1x before you have to get into DSCR Loans.If I were you, I would go purchase the new property, and then wait 60-90 days, and see what type of Refinance I could get on your 1st property. 

Without a cost segregation this could be difficult unless the roof has been replaced after the initial purchase.

Hello everyone,I am looking to purchase a duplex in Lewisburg, WV.

It was an i-buy that Open Door had purchased.

Sellers who purchased homes during the market peak may find themselves in difficult positions, as they could potentially have to sell at a loss or contribute additional funds to close a deal.4.