Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

I guess be happy it’s only a couple months and a cheap lesson learned?

They buy them cheap, they renovate them and they lease them. 

Hi, I am a new investor. Looking at this property as a long term rental strategy. The seller is currently doing the cosmetic fixes (updating paint for cabinets, new carpet, paint). View report
*This link comes direct...

I want to make sure I’m structuring deals right.

The return would be $50K profit per deal in 5 months.

Marginal deal at best.

There was a member on here a decade ago that focused on these type of deals...K.

While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

If you want to chat about this or another deal, please reach out.