Purchase price: $6,500 Sale price: $8,000 Nice wholesale deal.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Congrats on this sweet deal man, that sweet equity sure is nice! 

@Lilach Holtzer nice to meet you!

Is there a written lease?

It was resolved after I provided all the things they requested including a photo of myself holding a sign with the date and Avail written on it.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

The most passive investment, not that good one but totally part of my journey.Those days I had a 2 years old toddler and I was a photographer, I photographed for fashion magazines, e-commerce and for startups.A year after, 2019 I’ve decided to have my second daughter2020, Covid is in the air.A 3 -year-old toddlera 1 year old baby girlI made my second out of state investment, this time in England. 538 sqft, Nice cashflow, not amazing, bottom line not a good investment at all - bought it with Real Estate Investment Mentors which recommended this property.

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

It's nice to see what other hosts have to say about past guests.