We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!

I took no up front money and I only get paid for success..

I'm sure there must be someone in your network that is successful in this.

Congratulations on the successful purchase.

Birddogging is to wholesalers/investors like getting your real estate license is to someone who thinks they can do it part-time. 99% aren't going to do the work it takes to get the momentum you need to be successful.

Identifying the right market can make a huge difference in the success of this strategy.Curious to hear...are you planning to manage the property yourself, or are you considering hiring someone local? 

I love real estate and the Richmond, VA area, which is why I wish to pursue a career that can educate me on how I can invest in real estate in the future in Richmond.

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

If you want to be an active investor, to be successful, you need an advantage.  

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.