What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

@Roy LoganIt sounds like you’ve made some great moves in real estate investing—your BRRR strategy is paying off with those solid returns.At the bare minimum, you should do the following to make your bookkeeping easier:Dedicate one checking account and credit card exclusively to real estate.

I just know that when we had french drains installed around the house foundation and redid all the drainage systems in the yard they were 4' deep and they made sure that the slope was sufficient for the task.

Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

Otherwise get a glass or plexiglass cover made for the top because not everyone will use coasters.

Purchase price: $15,000 Cash invested: $15,000 Sale price: $5,000Motivated Seller- 3 Lots total: (1) Commercial Building, (2) 1 Bed room Rental houses, plus an extra lot.What made you interested in investing in this type of deal?

We had enough rich friends hear what we were doing; it felt like we cracked a code - a vacation property that made money.

I have made a lot of money in RE and negative cash flow is not a criteria that i typically ponder.  

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.