Is this for real?? I need to buy out of state...

[Nik Krohn]

So I have done several deals in Utah & AZ but I have not done any recently in the last 12 months. I got an email this morning from BP about how this guy (success story below) purchased a triplex for $14K. See story here:

https://www.biggerpockets.com/forums/223/topics/30...

Is this for real? Can you really purchase a property for $20k and cashflow $840/mo? If that was the case, wouldn't everyone be buying out of state? It almost sounds too good to be true.

I would purchase the property cash and do that 2-3 times. You would be sitting pretty good after that right?