Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.

Rundown and distressed properties sell just as fast on the MLS as they do off-market nowadays!

“He outbid me,” said Slaughter, whose rent has risen from $700 to $900 since Mendenhall’s RAD Diversified REIT became her new landlord in late 2019, even as she says her complaints to RAD’s property managers about pests and leaky pipes have gone unanswered.ADVERTISEMENTSlaughter’s home is part of a five-state empire of real estate bought through sheriff’s sales and “We Buy Houses” signs that Mendenhall, RAD’s chief executive, has been selling to investors on Facebook, YouTube, and other social media, touting what he portrays as the venture’s market-beating performance.Mendenhall, who is based in Southern California, has described Philadelphia as the biggest market for RAD, a firm founded in Florida that specializes in buying distressed real estate then renting it out.

Not sure if Property Radar is in NY yet.. but they are by far the best service to subscribe to for distressed and pre foreclosure notifications.

@Adonis Williams Presumably Vincent has targeted a distressed opportunity.

There's a lot less distress in the market nowadays, but if you know where to find it it's possible. 

to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired. 

Many investors use wholesalers or real estate agents who specialize in investment properties, or they directly target owners with distressed properties.5.

Thanks everyone for helping out a distressed soul!

Otherwise I'm just going to try and find something distressed and add value to it.