If I was going to only be able to wholesale this property, I would not have gotten this deal.I still love wholesaling and I do it all the time but these are three lessons that I definitely have learned that have added some water tools to my tool belt in order to be more effective in my business.We are looking for some passive partners who would be interested in getting involved in some of our rental and flip deals in New York from a passive perspective.

The question I ask folks is, "In twenty years would you rather own a property generating 10% cash on cash in the rust belt (pick your cashflow market) or one in Denver?"

Do you mean just cheaper homes on the belt line?

Originally posted by @George Blower:@Robert JuradoWelcome to BP! 

@Mike D'Arrigo @Nate Shields @Andrew Merriman @George Blower @Matt Altrich @Kim Tucker

When you have many under your belt you will have a contractor network and better sense of what the costs/value added will be. 

In the real estate sector, depending on your location, that might be able to only get you 1 deal or it might get you 5 in the rust belt (or it might not be able to get you any deals if you're unlendable).

Thanks @George Blower and @Dmitriy Fomichenko.

@Chad TysonWow that's a boat load of cost for an investment property especially for where you are (only one under your belt). 

And you got your first BRRRR under your belt.