It's not an easy trek, but if you are absolutely committed and have access to some significant finances to invest, then it is achievable.

You achieve your objective of saving on realtor commission while still getting it onto the MLS.

These books have helped me develop the mindset and balance needed to achieve my full potential.

(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.

That was recently lowered to 4.26 million, and even achieving that could be a struggle if mortgage rates don’t move sharply lower.The positive spin to all this is that every year we have existing home sales below 5 million units is just “compressing the spring” further.

Consider FHA loans for lower down payments, but remember, the key is to find properties where the rental income covers your mortgage and expenses, ensuring positive cash flow (although in Austin is will be hard, but not impossible, to accomplish)Aiming for five properties in five years is very ambitious but achievable with the right strategy.

Hey Michael, I do think that you can achieve a lot with the 400K, I would recommend for you to build a team in place for whatever city you are investing in and go from there.

Considering this is the outcome of a foreclosure, achieving this strategy would compress the timeline and save on legal expenses.

Are you wanting to lever to achieve a greater expected return or because you can't accept that loss?

He typically achieves good return on his efforts but I do not believe I ever saw/heard his final numbers of this effort.