as markets shift thought process's do as well. 10 years ago if you posted on BP about appreciation you got hounded by those that said appreciation is gambling ONLY invest in cash flow full stop..

I'm not saying you can't make a decent return on rentals - I and many others here have done great with it - but if you have a well-functioning, profitable business that you know, why would you gamble money into Memphis *******es, to put it bluntly? 

Construction has already begun, so mark your calendars for a groundbreaking adventure.——————————————————————————————————🍴 Havana 1957 Opening at FlamingoCuban cuisine is coming to the Flamingo!

@Barre Gambling I am curious... in your opinion, is our area in central NC underserved outside of the Raleigh-Cary-Durham MSAs?

@Diogo Capela can give a more detailed view on some of the legal adventures we had with this property but, to summarise, my key learnings from this deal to date: 1) Get confirmation that the entirety of the property is on the Camara (town hall) plans and fully legal.

For the personal side of things, I do a GoBundance Onesheet, which breaks my life up into Financial, Health, Relationships, Friends, Adventure, and Spiritual/Contribution.Happy to share either document with you if that would help Tonio!

Who knows, maybe there are adventurous folks who’ve lived, worked, or invested in all 19 states serving as their advisors.When it comes time to sell those properties, the majority of prospective buyers will be locals (unless sell on platforms tailored to RE investors), likely represented by local realtors who scrutinize the properties in person and guard the buyers’ interests - the cards would probably be stacked against the sellers who’ve never seen the properties with their own eyes and lacked guidance from experts with equal amount of knowledge when they bought the properties.

That Victorian flip sounds like such an adventure, especially with all the unexpected finds. 510k views on TikTok is no joke!

It is very much case-by-case and requires understanding of the current tax regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the next administration.

And hey, if you have any funny stories about your own deal-finding adventures, feel free to share!