Purchase price: $330,000 Cash invested: $360,000 A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit.

If you need to more than amount per month, you will need to buy more units or buy more than one each year.

I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets. 

If that price point is too steep for the size you want to reitre into then buy two replacements. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Quote from @Nicholas Goerss: Hello all,I am getting ready to start looking at lender for my second conventional mortgage to buy my second property.

You do this buy buying a quality asset in a good enough location.

.: Investment Info:Small multi-family (2-4 units) buy & hold investment in Columbus.

Louis and looking at buying a property in Springfield, IL.

Quote from @Nicole Laba: I work with investors in Chicago who are actively buying off-market properties, and Ive noticed that everyone has a different approach when it comes to sourcing deals.