How much will you spend in repairs on a 1920's house with renters ? 

Miraculously, I didn’t lose my shirt, but I broke even on one house and, due to other circumstances, had to walk away from another.

On the 15th year, the investor and I will discuss together whether we want to sell the house OR continue receiving cash flow.

Pros: the cabin will be able to house our entire family, easy process to refinance.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

Toxic paint et al.Would you want your family living in house remodeled with cheap Chinese s**t?

Building a small house on this 25 acres. 

If my stories scare them (and they often do), they should NOT be investing in Detroit.But I'm equally tired of the narrative that these sorts of houses don't work as cash flowing investments.

Investment Info:

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

Purchase price: $165,000

Cash invested: $20,000

I bought a duplex in Racine that needed a lot of cosmetic upgrades. Both uni...

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house.