That's the fox guarding the henhouse.Follow the golden rule in lending, he who has the gold makes the rules!

The latest in case someone missed the other thread(s). https://www.usatoday.com/story/news/investigations/2019/03/26/fox-and-friends-clayton-morris-investment-real-estate-scheme/3275317002/

Originally posted by @Ryan Fox:@Ryan Holland - I spoke with turnkey operator Memphis Invest a couple months ago and asked about the possibility of purchasing one of their properties in the pre-rehab state, have them rehab the property, and then do the rest they would do as a TK provider. 

The same goes for rehabbing a rental or fox and flip as long as out of state and or international investors can use a rehab team here in Chicago and or Indiana they should be fine.

So if you want to stay close to base I would suggest Fox Hill in Hampton, this would be aimed more towards your younger members because its about a $5-10 cab ride from the "clubs", but super close to the downtown pubs, which tend to be more popular.

Quote from @Justin Fox: @John UnderwoodTechnically they do heat hot water, a majority of the time in fact. 

Quote from @Jennifer-Lee Fox: Quote from @Danny Liu: Upstate NY definitely caught a piece of the short term rental boom-- plenty of Manhattan-ers buy vacation homes up there, or book out Airbnbs in the summers for months at a time.

@Ryan Fox thanks@Jay Hinrichs Yes it is

Quote from @Ryan Fox: @Bobby Paquette- This isn't a traditional BRRRR by any means, but I'll share anyways.Purchase price: $109kTenant-occupied at purchase paying $950 / monthFinanced with: securities-backed line of credit @ 2.49% interest-only fixed for 7 yearsMonthly interest payment: $250 / monthA year after purchase, a drunk driver drove into the property, causing $107k worth of damage.Luckily, no one was hurt and the insurance covered all damages.The existing tenant moved out.After the insurance-funded rehab, the property was worth $160k.New tenant moved in at $1225 / month.I haven't refinanced out of the line of credit financing because I'm hanging on to the 2.49% fixed rate.This was in Independence, MO. 

Eagles, owls, coyote, deer, fox, turkeys - and more little birds than I can even start to name.In the ensuing 18 months, we've picked up $100,000 in equity, just based on the crazy market.