Then if you add a roommate to your side, you could really juice your budget.

sherrif sales are sometimes cash.. and sometime deposits. and then like up in NC you can have upset bids.. if someone their first time out of the gate bought a property that had 175k of juice in it..

Our tale should serve as a cautionary warning to others in our position.Any fruit can be spoiled if picked before it's ripe.

So, it's definitely doable, and it's some of the lowest hanging fruit in the real estate world IMO.

I remember when the Target and Walmart plazas at 434 and 436 were an Orange Juice and boat factory with rail cars in and out all day.

Whatever criteria you have for a great site is all good, we just want to get some creative juices flowing and see what is working around the country. 

Since then, I've been enjoying the fruits of my labor but I want to take some of my payout (that comes to be in monthly installments), and start putting it into real estate.

I think as things become more fruitful down the road we may have to get creative with CPAs to figure out how to optimize each of our tax earnings.

I would say your undercapitalized.. to do what your trying to do with 20k in cash is going to be pretty tough.your explaining the BRRR method and that involves usually paying cash.. and or if you need to get HML to buy and get reno money there goes your buying below market as your holding cost will be significant add to your purchase price then add on your refi costs and it could easily be 10 to 12k extra just for financing.Not to mention the risk of getting royally screwed by some low hanging fruit wholesaler who talks a great game has a lot of posts on BP and gives you a dud..

Yes, it can be risky, but if you use it right, you can really juice your returns.