For a new agent to land a listing they typically over promise a seller a high price to win it and then spend money trying to find the magical buyer to purchase it.

Quote from @Michael Smythe: @Zachary YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

So it was 153k for the purchase and 40k for the rehab, I had to come up with the rest. 

I’m a new investor who purchased my first rental property this past year, and I’m eager to learn and grow my portfolio.

I have assisted many investors with their Little Rock purchases. 

Congrats on your first duplex purchase!

If you know where any more notes are that can be acquired for $.20 on the dollar please let me know and I’ll be interested in those that you do not purchase. :-) back in the day and not a big deal flow.. and all land contracts on bare land.. to put it in perspective. :)

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.

Quote from @Alberick Small: I was thinking of purchasing Lee Arnold's Reverse REO Program, I have read all the horror stories and the many that may have been duped over the years.