How did you find this deal and how did you negotiate it?

With 40% of homes still selling above asking price, waiting for a “better deal” often means missing out entirely.Financing is also a common issue.

Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Looking to make $450 a month in cash flow.What made you interested in investing in this type of deal?

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

LoopNet will have on market deals.That being said, I’ve seen plenty of awful off market deals and plenty of solid on market deals.

This is even considering that my contractor paid for the quartz, I got a black friday deal on appliances (all in $1000), and my kitchen cabinet cost is under GC pricing due to my relationship with them. 

In the past five years, I’ve picked up 20 more properties using BRRRR, plus some subject-to deals, wraparounds, novations, and JVs.