Hey guys been searching for a few months now (seriously searching, been pretending to for a few years) I had been looking in my town and the next town over because of location and proximity to my home, but the competition around here is too much with all the flippers paying cash and capitalizing off the rising home prices. And the taxes by me are almost 8k per year and that kills cash flow.
So I started looking out east a little bit maybe 20 miles from me. The taxes drop off by a couple thousand and there is much more inventory. Also the market has appreciated so rapidly out there so home prices are generally in the 130-160 range as opposed to by me where they are probably 150-170 for what I'm looking at.
The house is listed as a two bedroom but because of a large living room extension, following some of the advice I read in Brandons first book I realized it could be easily converted into a three bedroom house.
Anyway hoping to hear back soon from the bank (reo house) about my offer, but I just wanted to say through what Ive learned on here and from the podcast and books and yes even a seminar or two lol, Ive come to learn to think more like an investor and now Im starting to use that to my advantage.
This will be my year.
