Is it purely industrial?

Do it againAfter the work is complete on my personal residence, I should be able to open up a HELOC to purchase another property for pure investment/profit purposes as the subject of this post suggests.

I know Mana is doing a bang up job with his new house builds and appreciate the question and useful feedback.oh, one other point, unless your rehab is purely cosmetic seems to me you should still be doing some planning and still be getting any required permits.  

This is purely the seller's responsibility, in a technical sense.But -- you are here to solve the seller's problem.

And investors who dismiss appreciation as pure speculation or just an added 'nice to have' bonus, are not taking a critical look at the myriad of factors that make appreciation a very real thing.

I'm going purely off what I've read so far in The Millionaire Real Estate Investor by Gary Keller.

The IRR, has its issues -- especially when talking about negative cash flow situations that may generate multiple IRRs but that is digressing from the point.The purely cash flow oriented investor, typically invest to generate passive positive income -- usually monthly.

Instead of focusing on pure volume of direct mail, you can be very successful by focusing on the best return of each motivated seller you are able to turn into a deal.HINT:  Find the market that is not being addressed within a niche, and focus on turning over those rocks to find the gems!

From a purely modeling POV, if that is not the case, it could mean 2 things: Incorrect modeling; ORYou have an amazing property manager who's killing it!

@Sam JoshIt's purely psychological.There are always people in a down market afraid they'll buy and the market will continue down.In an up market, they think the down turn is right around the corner.No money will ever be made sitting on the side lines.If buying across a portfolio over 30 years, yes, there will be swings.