It's a risky proposition for a local investor to invest in these areas let alone someone many hundreds of miles away.

I will fund the first couple deals with private money from friends and family only, and we have already discussed that cash purchases would be an acceptable proposition, so I wouldn't have a problem with closing if I could get one. 

Open to any advice, classes or propositions.

They can hand them to clients, leave them on urinals, or just use them as a means to, "hey, call me later and we will talk more about this proposition."

This was quite a few years ago, and in my opinion, it's worse (from the horror stories I hear---for every 1 good experience, there appears to be 100 negative ones)---until they eliminate trigger leads, buying leads is a risky proposition IMHO...You might be the rare exception---but in my case, self generated is the only option.

hi there i have been going over so much of what BP offers that its overwhelming. i have turned down all the noise in my head and arrived at the following starting out proposition - really looking for others who may have started out this way or can share their experience.i have a home in southern california for 6 years. will stay for another 4-5 years more there. both my wife and i are on the deed but i have the mortgage.TO start out, i am thinking to start the investment in southern california.* buy a home at least 50 miles away as a vacation home. * one under myself and another under my wife's name.* assuming a second-home loan applies to each of us.* put down 3.5-5% so as to preserve my capital (for out of state for instance).* rent it - to cover all expenses; not looking for cash-flow* this is more for experience and confidence building* this is a buy-and-hold, not a flip - house is newer built (2000+)Now I know that only after finding a home and looking at everything like P+I, expenses, taxes, and rental income will someone truly be able to assert if its a "good deal" but I am more interested to know if this strategy to start out makes sense and it would be nice to hear from some folks who have done this so i know how they felt about it as they got more into investing.thank you!

Do you both feel purchasing a property in 43612 with minimal fix up work needed using a local property management company is a feasible proposition from out of state? 

As you can see, for me,  this is essentially a break even proposition based on my scan.Hope that this helps,JimAcquisitionsAssumptionsItemAmountVacancy Reserves % (STD is 10%)10%Purchase Price $90,000Repairs Reserves % (STD is 10%)10%Acquisition/Closing Costs$1,500Recoup % (Std 10% On and 10% of Money)20%Down Payment = 20 %$18,000Management (STD is 10%)8%Loan Amount$73,500Monthly Rental Income$1,500.00Interest (Yearly)5.25%Yearly Insurance$2,000.00Term (Years)30Monthly Condo Fee$0.00Payment$405.87Yearly Taxes$2,000.00ResultMonthlyYearlyNotes:Cash Flow (Net)$15.80$189.56NOI$746.67$5,060.00ROI0.97%Cap Rate0.21%APOD:IncomeExpensesTaxes$166.67$2,000.00Condo Fee$0.00$0.00Management$120.00$1,440.00Repairs Reserves$150.00$1,800.00Vacancy Reserves$150.00$1,800.00Mortgage$405.87$4,870.44Recoup (Cash)$325.00$3,900.00Insurance$166.67$2,000.00OtherOtherOther Total Expenses$1,484.20$17,810.44

That's a losing proposition no matter how you slice it.

Typically we are focused on a more traditional BRRR approach but this one had a unique potential value proposition that we wanted to explore under contract.