Did you expect it to be that lucrative when you made the purchase?

And what is your price range on the purchase price?

Purchase price: $715,000 Cash invested: $297,000 Current Listed Price: $830,000Original Listed Price: $950,000 (4/13/2024)It has been reduced $120,000 in the las 6 months and hasn’t sold.

If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

Should we explore that route, purchase an already built duplex in Peoria or another part of the Midwest? 

I always was intrigued about real estate, so I purchased the building for $65,000.

Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

-Purchased a commercial property this year for ~$2m.  

maybe some mistakes that you made or things that you did not think of before making the purchase?