Of course, the story isn’t done being written and it’s always possible the value could go back up.It was also less expensive to buy and sell our laundromat, particularly because we brokered the sale ourselves, saving us 10% of the sale price.

But, someone who has saved their first $25K on the road to becoming a millionaire ensures they go nowhere fast by attempting to allocate $2.5K across ten different investments.

I don't know how much money tenant has in checking / savings / 401K, etc.

Fortunately, he moved to FL after the sale, bought a mansion as his retirement home, and saved by the state's homestead laws.

It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender How did you add value to the deal?

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

For example, I recently made a loan to a house flipper, partnering with my self-directed 401(k) and Health Savings Account (HSA).

Then compare that to what you’d net by listing it as-is—factoring in the time you save and the carrying costs you avoid by not renovating.It might seem straightforward, but once you dive into the numbers, the difference between renovating versus selling as-is can be surprising.

Completing AP requires the other party to file a suit in court during which the judge determines that the case has merits, and ultimately transfers the property to the filer.