The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.  

The FEMA 50% rule does come into play, but we do a lot of ground-up construction, so some investors that do have some new build/heavy rehab experience are tearing down and building back to current codes.

Buildings and terrain around you?

Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.

We are continuing to do regular flips and wholesale deals,  4 new builds this year.

Purchase price: $110,000 Cash invested: $30,000 Hobby Farm On 10 acres2300 sq ft house with 8 out buildings - Large Barn, Animal/hog barn, Mid-size machine shed (2) 25' x 35' / 30' x 50', Large Machine shed 60' x 60', Grainery barn, Entertainment Barn, 3 car garage What made you interested in investing in this type of deal?

Replaced all the windows in the building, insulated the attic and redid the front stoop and cellar doors.

We have taken over several buildings in Berwyn from clients who have moved out a few years back, and that I get. 

I would love to get a property in the NW DC that is run down, add additional floors and then make it an apartment building.

While Airdna estimated annual revenue at around $45K, I earned $90K last year.Follow these three steps to build a solid foundation before calculating your mortgage and expenses.