That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.

In Cleveland you could also purchase a property in an area that is improving or on the border of one.

Give them all the details, contact information, time lines, relationships, etc.  

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

Of course, it always depends on what your purchase price is and Dayton does have cheap homes! 

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

@Mitch Davidson I purchased a property recently and closing in May.

Recently purchased a new property with an upstairs attic studio.