Hi Kevin,I'm a big fan of buying with cash and my thought process is quite contrary to everyone else's.Cash is KingCashflow is QueenLeverage can be a peasant lolOne can retire investing in Toledo with $1m in cash.Off-course, this all depends on how many villages you need to feed 🤓I have too many "villagers" on my back so it's a bit of a different story for me.Sub $100,000 markets like Toledo require volume to work and to be worth the risk if you are looking to buy and hold.Not much growth potential long term so I would consider it a strict cashflow play.Start slow and small and you can always scale up once you learn the market.Or call it quits and exit if you decide it's not for you.IMO, leverage should only be used to scale a portfolio and only after you have immersed yourself enough in a specific market.And only once you have decided that you want to stick around in that specific market and invest in it long term.Over the years, I've witnessed many folks use leverage and attempt BRRRR out of state only to fall short and say "the market sucks and it doesn't work".Nothing works unless you make it work and a market like Toledo can work better than any other market I know from a cashflow perspective.I've been investing since 2014 and flipped hundreds along with currently managing 400 SFH.Only this year have I started buying small multifamily properties.It's an adjustment and a different animal but let's just say it's in the same breed of animal lolImmerse yourself in a specific market and become an "expert" on the numbers in that market.Find off market deals, negotiate hard, buy with cash and buy quickly.You make money when you buy and not when you sell so you must buy cheap.There are many ways to skin a cat mate and this is how I get my fur lolWishing you much success

Come talk about your worries and success stories about private money lending, as well as to share your experiences and ask questions!

His story is long and complicated but the gist of it is:He bought the house somewhat distressed in 2019 (through our mutual realtor). 

So this is an older home - 2 story with low ceilings and no attic so no room for ductwork. 

It's what we wanted. 2018 build, 80k median income, 2 bed town homes, nice amenities, growing market.We have two moire assets similar to this one closing in the next 60 days because we are clear on what we want to buy and why we are buying them.The moral of the story is, whether you're buying a business, single family home, or apartments, make sure you have a buy right criteria, and let everyone know.

There are certianly lots of moving parts here, and your story resonates with me.I think you are right that there will be turbulence in the short term.

I am sure most of you know this story:"The Graybeard engineer retired and a few weeks later the Big Machine broke down, which was essential to the company’s revenue.

Its going to be a beautiful house when we finish.  2 stories plus a finished basement.  4 bedrooms 3 baths. 

It's a long story but we ended up aggressively investing in Detroit real estate, built a 12-door portfolio, and then moved back.

@Gary Barella that story hit home with me heavy.