All Forum Posts by: Adam M.

I was living in Breckenridge, CO and bought a rehab house in Nashville site unseen. Had my realtor walk and video the property and pulled the trigger. Ended up making around $40K on that deal. 

@Greg Grant Numbers look good, but sounds like you could be in for some major challenges in the tenant and property management department, EVEN if you hire a PM. 

@Chris Gawlik Let me run this plan by my wife and I'll report back...

I'd unload those things as fast as possible and 1031 into a better vehicle. 

@Nelly R. NEVER ever wait on a realtor (or anyone for that matter) to find you a deal. You are the only one responsible for your success. Keep grinding, this is a very tough environment to find good deals though.

@Cam Jimmy Oh buddy, your wife is going to love the "live-n-flip! Especially with a newborn. :)

@Cam Jimmy Congrats! AND yes, she is definitely a hero. :) You better do another project before your kid arrives! 

@Cam Jimmy Very, very impressive to do all of the work yourself AND have a "day job". Do you have kids? If so, your wife is the hero! haha. If you had to contract everything out the numbers wouldn't have worked. 

@Justin K. I understand your frustration. There are a lot of investors that go by the elusive 2% rule...Only buy if you can get 2% of the purchase price in rent. I've evaluated 1000's of deals and can probably count on one hand deals that fit into this category and they were always sketchy. RE is always local and I'm sure there are Class C, D areas that can hit this, but not even close in my market. 

@Justin K. Put 100% down, it'll cash flow nicely! :)