They buy a semi load of haul away appliances, then clean and repair them.

I see 1BR semi-old condos on the market for 200K and was wondering if this a good time to buy

Built 2004 semi custom, ARV $350k scheduled to go court sale 4/13 so owner really wants to sell.

(Thats why I say "semi BRRRR" since its not cash bought) A property across the street just sold for 127k, so I should be able to do a cash-out Refi in about a month to payoff most of that HELOC, which I will reinvest in the next deal.

@Salomon Romero - I bought a too big house (5 bed 3 bath foreclosure, 2400sf) in semi decent shape, put 30k into it and rented furnished rooms to roommates.

I'm trying to look into some of these other semi-local markets as well so I'm curious if you find anything.

In my market these are all the rage with inexperienced investors and cash laden retirees and semi-retirees.

In my 50+ years of investing I met only one broker who seriously did the math for his clients and only one broker who semi-seriously got into the math with me only because I kept telling him the properties he was pushing on me was crap and I kept sending him my spreadsheets with my calculations.Don't even think about it until you can teach other investors how to do the math and what the right questions are to ask.Sorry!

Semi related, I saw this article yesterday - absolutely insane what is going on and the moratoriums have allowed to happen with just a blanket halt to nearly all evictions.https://www.foxla.com/news/cou...

Purchase price: $110,000 Cash invested: $3,850 Sale price: $126,000 Short sale purchase of a semi-completed flip with a purchase price of $78,000.