Flipping: - Purchase: $600K - Rehab: $140K - Total Investment: $740K - ARV: $775K-1.2 if I build - Potential Profit: $105K (minus closing costs, holding, etc.) Wholesaling: - Profit: $10K (quick and low-risk) What Should I do? - Flip if you can handle rehab and want a larger profit ($105K). - Wholesale for a quick $20K if you want less risk and a faster turnaround.

What is a 2/1 Buy Down? The 2/1 buy down is a mortgage tool that temporarily reduces the interest rate for the first two years of the loan. Here's how it works: - Year 1: The interest rate is reduced by 2%. - Year 2: The interest rate is reduced by 1%. - Year 3 and beyond: The interest rate returns to the standard agreed-upon rate. How to Use the 2/1 Buy Down for Seller Credits: - Seller Credits: When a seller offers seller credits, they can help the buyer with closing costs or even buy down the interest rate. This helps make a deal more attractive to a buyer, especially in a market with higher interest rates. - Tool to Attract Buyers: The 2/1 Buy Down Calculator helps you present a clear breakdown of monthly savings for buyers, showing how they can afford a higher-priced home by using the seller credits to reduce their interest rate temporarily. Script for Presenting the 2/1 Buy Down to Buyers: 1. Introduce the Benefit: 2. Explain the 2/1 Buy Down: 3. Highlight the Seller Credit: 4. Use the Calculator to Show Savings: Example of a Calculation: If the interest rate on a loan is 6.5%, using the 2/1 Buy Down will reduce it to: - Year 1: 4.5% - Year 2: 5.5% - Year 3+: 6.5% This results in a lower monthly payment for the buyer in the first two years, making it easier for them to afford the home they want. Seller-Specific Strategy for Negotiation: - Seller Incentives: Encourage sellers to contribute seller credits towards this buy-down instead of reducing the sale price. This helps buyers with monthly payments without necessarily lowering the property’s listed value. - Seller Buy-In: "We’ve seen a lot of sellers gain traction in this market by offering credits for a 2/1 Buy Down because it allows buyers to afford a higher-priced home without feeling burdened by the initial payments." Closing the Deal: With this strategy, you can not only afford the house but you also lock in an amazing rate for the next two years while you settle in. Let’s take a look at some homes that might be a good fit for this program!

I'm just a tech guy looking for his place in this world called real estate. I'm browsing redfin, come across This: https://www.redfin.com/IL/Moline/1908-24th-St-61265/home/133095925 95k & 3bd/1ba - according to Redfin, 20% down gets me 780/mo payment. **38k Long Term stock portfolio to work with for capital. Quick google search of the area makes me think i can get 1k to 1.1k a month in rent potentially.... Did I find a cash flowing property, or did I make assumptions and its a trap. **I'm not going to pursue this property and if i accidently found a deal or something, have at, I'm just wondering if I'm starting to understand. THANKS!

Hey everyone! What time of the day would work best for a live office hour where you can ask any questions, and we can just hang out? Let me know what works for you!