I'll be at Jeff Armstrong's Secrets of Paper next week and also looking at a NPN workshop in November. 

When this was discovered the tenant was promptly evicted, but the damage was done.

I started off as a Police Officer at 22yrs old. While doing that  I purchased my first home at 23yrs old. I bought a double home. Here in Cleveland that consists of an apartment on the bottom and an apartment above th...

We are going to “quit claim” (hope I got it right) the mortgage over to the name of the LLC which she assured us should not be an issue as she said banks are way too busy to ever discover it and make an issue with the due in full call.

  $80k (don't use so many zeroes in the future) sounds good on paper until you discover a $137k mortgage and whatever else.  

@Kate J.I'm not going to give away all of my secrets, but VTASX is my favorite.  

This alone will change your figures...guess you can't change their calculator...Discovering CAP rate on a residential property is completely pointless.

Just remember, there are no secrets and shortcuts in real estate investing, just slow and steady progress.

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!

You are discovering some of the possible downfalls of buying a properties under $50K.