I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. 

We look forward to helping you continue building your portfolio and realize your investing goals. 

@Liam Dalbow In a situation like the one you described, you should have called one of the other investors who were interested in the property once you realized your buyer couldnt perform.

Recently I've realized that most of the PM companies rent out units at or below market rents and allow for an unnecessary (IMO) turn time which of course translates to increased vacancy rates. 

@Brian J AllenI'm sorry, but it doesn't take an underwriting whiz to realize that a 1920's home generating 6k per month is way overpriced at 720k.

Has a better ring to it.You realize this is the cost for your ticket for the event, your room, all your food and drinks and activities on the resort right?

We lived in it as a single family residence and over the years of things that looked like they had been renovated started failing… we realized the owner before seemed to have a slap it together cheaply himself mentality.

I have been investing in RE for around 10 years now, and up to this point, I have been focusing on A+ kind of properties, but I have ALWAYS been itching about C/D.....The thing with A+ properties is they take 5-7 years after purchasing to cash flow...For a portfolio of $4.5M properties, I am cash flowing maybe $50K annually if I dont count principal paydown...If I include full mortgage payment (both principal and interest), then cash flow is down to $20K....But reading your posts, apart from being so funny and laughable (in a good way), made me realize that I probably should stay in my lane as I clearly lack the skillsets needed to be successful in those property type....B class is likely the most I can stretch myself into....

Hi All,I'm a new member in Silver Spring, MD, who read Rich Dad, Poor Dad, and realized I don't have to be living paycheck to paycheck forever!

Sounds like you were working with a Realtor who didn't realize that a POS was required.