hey guys, quick update we finally got our four-plex and we are super excited.

- and finally once you do this, realize it will never even be close to how it actually plays out in real life, but it can serve as a guide for what sort of money you may need to save up to try and actually accomplish something like this.

After years of educating myself on real estate, I'm eager to finally jump in and do a small deal out of state.

Meanwhile, you could be locked-in to a purchase price that is 5-10% below comparable sales by the time this finally closes (Q2-Q3 2025).All the best!

After years of listening to the BP podcast I finally joined.  

Birmingham is a great market for real estate investment right now—it offers solid rent-to-price ratios, affordable home prices, and consistent rental demand.If you’re thinking about investing in Birmingham, I can provide some helpful data and share insights about neighborhoods that align with your goals.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

For now I simply wanted to share some data as we head into what could be a very active second half of 2024.This is a great time to buy an oceanfront condo. 

U think @Russell Brazil or @Steve K. are not going to be there at the final walk through to make sure their clients are protected ????

Finally, focus on high-demand neighborhoods and have a backup plan, like renting if the flip doesn't sell immediately.Let me know if you need financing guidance or further tips.Best,Drago