HMMM, that is way over the true value, again this post is making less sense,   the purchase price $165kClosing day I paid $51,290.22I paid for HVAC $12,000The expenses on 2023 Mortgage, electric, appliances and everything $23,806The expenses on 2024 until now for changed all windows, fixed hand rail, step, basement leaked electric panel, mortgage, electric and everything $20,777.38the mortgage balance right now in my account is $119,000someone offered me $120k as is.I got all paper and proved of everything.

Door lock, detector batteries, other consumables, replacement of damaged or disappearing items like pool towels and linens, replacing blown out screens (I spent over a grand just on screens last year though we did have a freak huge hail storm).

Some people take signings for $35 thinking they are making money but don't because they don't account for vehicle expenses, paper, toner, etc.After expenses, your profit only comes out to like $10/hour or so on most days because packages are upwards of 250 pages and you have to print two of them.

Seems like an infinite amount of steps and papers.1.

Or does it step up to the purchase price number that I put on paper?

Just look at how people went crazy over grocery store items during Covid - not limited to toilet paper and bleach.

Slow and steady wins the race mate.Too many guru's and marketing companies pumping leverage to rookies because they make more money, the more somebody buys.Being patient and using all cash to begin is always safer in the long run.Build the foundation of your portfolio with cash and make it strong.After a few years, look at using leverage for faster growth.And only after you have experienced the true income and expenses of your portfolio and not just paper figures.Cash is KingCashflow is QueenLeverage is the Peasant Just my opinion 🙏

Two things: 1, you will be committing fraud if you memorialize something to paper that didn't exist and claim it was from that date.

He likely can't grow his business without financing and he will have trouble getting financing if the business looks that poor on paper. 2.

Living in the high-priced West Coast, most OOS investment opportunities may seem great on paper compared to your market.