Sphere of influence purchase - off market opportunity.

AT MOST you rent it out for 2 years and then sell it but honestly you’re probably better off just selling it.Assuming zero vacancy and zero capex you’re going to make about $12k/yr.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Paid off real estate cash flows extremely well.

I started off doing long distance BRRRRs until the rates went up.

Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

I bought a brand new in the box $285 microwave off Facebook marketplace today for $35.  

AI is not some magical, all-knowing miracle that can pull leads out of thin air.AI is simply a faster, more hands-off way to find the same low-quality leads you get from DMM, cold calling, and SMS marketing.You’re not improving lead quality—you’re just finding bad leads faster.

The guru your son is learning this technique from is likely not telling your son that the deal will almost certainly encourage your son to get an "off-market" deal from a "wholesaler" who is unlikely to properly disclose the details of the property or encourage an inspection.