For the record, I'm not a huge fan of generic stats like this because real estate hyper regional and one big overpriced mansion can skew a TON of data...The median house price increased 4.6 percent from one year ago to $264,800 in August.

They are not mansions but solid properties with a history of cash flowing well, in the military town.

Hello BP Folks,New to BP community and looking for insight on BRRRR investment strategy in the Strawberry Mansion section of Philadelphia, PA.

If it is a mansion in a less desirable neighborhood you may be looking at a money pit.Either way, find someone that has experience if possible and copy them.A great place to look for deals is on auction.com, or homepath.com Never, ever buy sight unseen.

Just trying to learn all I can.Any and all tips welcome as I feel like I just opened the door to a massive mansion of information with thousands of rooms to explore.

My wife didn't care and I had an awesome mansion hacked in triplex.

This is because every town seems to keep their heads up high at the idea of allowing multi-fams in, but a large percentage of the single family mini mansions are actually housing multiple residents.

I also understand that banks might be more willing to deal at the end of the quarter or year - the fewer properties on their books, the better for their balance sheet. end of quarter is a real thing I bought a big mansion that a NBA player had gotten 3.4 done  on a disposition from wells fargo .but it had to be off the books by a date certain so we had about 6 business days to close it.. we paid 1.7 million in cash for it. then refinanced it after we owned it and pulled out another million to finish it.. turned out to be my best rehab ever sold it first day on the market for 5 million :)  I had 2 other partners.. so its was a nice pay day.. but that all happened because wells wanted it off their balance sheet or default list by end of a certain quarter..

Derelict homes pull medians way down and an odd luxury mansion (in a non luxury area) pull medians way up.  

I guess if he keeps buying more mansions in L.A it'll keep his real estate agents  making good money too!