I put RE on the back burner after that, but it’s never left my mind.

I put RE on the back burner after that, but it’s never left my mind.

In some cases, homes are listed as sold for under 100K in neighborhoods where retail homes are going for 400-600k, and I'm wondering if someone just dropped a zero fat-fingering the numbers into county records or whatever other system Zillow/Trulia draws from. 

I used a 15 year am for some unknown reason (fat thumbs maybe). 

Here are a couple examples that I've worked with.Example 1 - South End of Sewell - BRRR Duplex (2/1 & 2/1)Acquisition and Rehab was $200kARV: $240kIn the deal for $20kRent Roll : $2800 a month(1400 a unit)Mortgage: $1400 a month (200k @ 7 %)Taxes: $516 a monthInsurance: $100 a monthLicences/Sewer/Gas: $20 a monthVac/Capex/Repair: $316 a month (that's a lot but lets be safe)Cash Flow: $448 + you have 40k in equity and a fat safety net each month due to an accrual rate of $316 a monthExample 2 - Lindenwold SFH - BRRR 4/2Acquisition and Rehab was $110kARV: $140kIn the deal for $5kRent Roll : $1700 a monthMortgage: $700 a month (105k @ 7 %)Taxes: $441 a monthInsurance: $90 a monthLicences/Sewer: $15 a monthVac/Capex/Repair: $200 a month (that's a lot but lets be safe)Cash Flow: $254 + you have 35k in equity and a fat safety net each month due to an accrual rate of $200 a monthThe Sewell usually has ideal tenants and very little headaches.

it will begin the consistent path on your way towards financial freedom.Plus, I'd rather be my own "CEO and team of executives" on decision's made relating to every property I buy, rather than some other wankers in $5,000 suits only trying to hit analysts projections so that they can get a fat check at the end of year.Thanks for readingYour favorite AussieEngelo

You can get a new steel tub at home depot for $300 (don't get the fiberglass tubs, they crack under the weight of fat Americans) If you are going to remodel the whole bathroom my vote would just be to put in a new tub. 

If you get, say, 10 properties before you're 30, and each property gets a rental income of $1000/month before PITI and other expenses, when you're 60, you'll no longer have Principle or interest, and can just collect fat checks.

The saying "Pigs get fat, hogs get slaughtered" really applies here; I offered a deal on a place and came up to my maximum all-in, and they wouldn't come down $2500 to make the deal.

Labor costs are huge.If I don't see a big fat margin of 30+% then I am not going to touch it on a flip property.