I had a 800k house in Washington county. which was on septic and private water tax's were 6k a year total.. not bad.

Sure, there are unsophisticated investors who will bite at such comp structures, but I can do deals all day long w/o those fees, and have seen a direct correlation between lead greediness and their difficulty in fully subscribing their private placements.

I currently reside in Boston doing sales in the e-commerce sector and have decided to take the plunge into real estate investing ever since I had the pleasure of reading "Rich Dad Poor Dad".

If you want to invest multi-family out of state, you'd be much better off researching and selecting a multi-family syndication private placement if you are accredited, or a REIT if you are not.

It was listed at 169,000 and we got it under contract for 157250 with 3,000 back for closing.It's a 3 BR, 2 BR single family w/ a partially finished basement.One of my exit strategies since I must live in home for 5 years in order to not have to repay the 20,000 grant - is to rent out then3 brs up stairs with private bathroom, and full house access for 1,000.I test posted an ad on Craigslist as was getting 1 person a day interested in it.I would live in furnished basement and after 5 years and 20,000-30,000 of mortgage paid down by the renters - hopefully sell for the market value or hold for my rental portfolio I am starting.It was hard to use the calculators for this because I was renting and living but I calculated 1400 expenses including 5capex   5% vacancy full landlord utilities and all that jazz.Seems like it would still cash flow $100 if you could rent it out for 1600-and break even for 1500.But I was more or less thinking of getting some instant squirt to pull out later in 5 years after sale or just in general to use for more deals.Also wholesalers in Rhode Island I am looking for you.

I have seen private roads listed in auctions and figured that you might be able to charge owners that use the road for an easement in order to access their properties.

A private message is fine.

I own 5 SFR rentals (3 are Section 8) and also invest in Private Mortgage Notes  looking to get into flips down the road.Thank you!

@Or Yeger Yes I agree with Dian I worked as Investment Analyst for a Private equity, for a while and Did a lot of Land Banking and NPN, the only thing I disagree is the returns try more like 3.1% in this current market. also be careful cause, some people that may sounds knowledgeable, may really think they are but don't, know specially a complicated subject that not everybody in Real estate knows like NPN.

@Lonnie Waliczek  HML  exist because of what you just found out.. its far and few between that you can find a bank that will do flip funding.you must be exceedingly strong financially I mean to the point the bank feels that if you goof up the flip you have other means to pay them back and that their security is not just in the asset like most loans.I have had 7 figure flip funding lines for going on 20 years now it took me 10 years with the same banker to get to that point.. we started with 100k and ended up at 15 million at one time.. but it was over the course of Many Many years.. and super strong financials and income.We started with HML and private money.. although to be fair I owned the Hard money company  LOL.