Used distressed property keywords on Stellar MLS to discover potential distressed properties.4.)

Used distressed property keywords on Stellar MLS to discover potential distressed properties.4.)

Yeah my quick numbers put it at $475 expenses(50%*$950) - $304(4.5% @ 25% DP)= $171 cash flow/mo which is not bad necessarily.The reason most people here don't go for those returns is the Cash on Cash return is 8.6% which is not a stellar amount, and you could loan private money at about 10-12%.It just comes down to what kind of a return you're looking to get on your cash, most here want more than 8.6%.

I just started doing short terms last year and the ROI has been really, really stellar. 

I guess I'm finally ready for my BiggerPockets debut!

Not stellar numbers but 10-30k profit while you build a team of contractors.

 I recently came across the above-referenced article about Home Partners of America facilitating potential home ownership for individuals with less than stellar credit.As of October of 2015, I was one of those individuals excited about potentially owning my home here in Southern California, I make 130k a year and after the completion of a two-year lease with an option to purchase arrangement with Home Partners I received approval within days.

Know your competition or hire a stellar property manager.

I see former players from the 2000's coming back to the industry under different business names, and some of their prior work was less than stellar.

Their service is stellar.