Real Estate Investing Strategies Buy and Hold strategies

[Troy Forney]

The last property we bought, we bought strictly for cash flow. It was $45,000. with a section 8 tenant in it rent is $800. a month. It had a remodeled kitchen and bathroom, everything else was average condition. The market is a C area. Prices fluctuate with the market cycles, but generally stay pretty stable. We put 25% down so that is the only equity, but the cash flow is great. I kind of went off what Clayton Morris preaches. Low price houses (C market), don't care too much about appreciation. I think he rehabs them first usually. My other properties have been rehabbed after purchase and are more like 50% LTV, but I have more cash in them. It just seems so simple. $12,600. out of pocket almost a 2% property. Eventually, 5 to 10 years it will need major items replaced. My question is anyone else having success this type of investing? I just don't see too many other examples of this method the way Clayton explains it. Or is he just trying to sell his product?