Got a deal for me to buy?
Here is where I am looking to buy:
Hagerstown, Maryland
Harrisburg, Pennsylvania
Cleveland, Ohio
What I will buy:
Neighborhoods should be B & C class properties.
Cashflow is relative to the entry fee.
Creatvily:
Single family, Townhomes, Row Homes upto $200,000 & Small (12 doors or less) Multifamily homes $350,000.
Total entry fee under 12% of the purchase price. 8 Parts to an entry fee is: Cash to the seller, Closing costs, Assignement fee, Agent commission, Arrears, Repairs, TC and Holding Costs.
Cash:
65-70% of ARV minus repairs.
Location: Montgomery, Frederick, Howard, Carroll & Washington Counties in Maryland.