All Forum Posts by: Adam Burns

While certain criteria will work for some whole not so much for others, I can tell you from first hand experience that’s not bad advice! I bought my primary resisdence with the ‘leasing with the option to but’ method, and although at the end of the day I got a fantastic deal, the home was built around 1900 and it caused me countless sleepless night so haha. I like to think of it as it haven me an education! The podcasts and webiars on BP are nothing short of incredible.

It sure does. Plenty of beautiful country, great state parks, low cost of living, hard working people who look after each other.. I love it.

Central PA. That price is consistent with homes being sold within 2 miles of the property. 

Let me start by saying I am new to real estate investing. I have been educating myself as much as possible with podcasts, videos, blogs.. basically everything I can get my hands on. I've been analyzing deals as much as possible, looking for my first investment property. I came across a property that has the potential for insane cash flow (I mean upwards of 40% ROI), but that is working under the assumption that all 4 units would be rented out; the two units not occupied will also need some rehab. I know vacancy must be taken into consideration and I plan on taking A higher % out than normal for it. The property is in a nice(er) part of a town but I am concerned about getting the units filled. Currently two units are filled with each paying 600 a month, and I could get this property for around $50k. Am I just having new investor butterflies? It would still cash flow with only 50% vacancy. I would hate to ignore the potential for such a huge ROI because I was overly concerned the other two units wouldn't be filled. What is your normal vacancy rate? Have you ever passed on a good deal because you feared prolonged vacancy?