I took the 70% of the ARV and subtracted the rehab costs and it got me 75k which is the PP, but could negotiate it down even more since there is no HVAC unit (it got stolen).

Bitcoin is a forgettaboutit calculator breaking if we are talking % returns. 230% annually compounded or 20,000,000%.

Yeah, Bitcoin is very enticing with all the returns I’m reading.

What if someone uses a stolen credit card, then steals all the copper and appliances or something.

And it can be from real estate, Bitcoin, gold, any capital gain, not just real estate like 1031.

Besides bitcoin.

Take bitcoin for example everyone is jumping in at the peak now that it down turned and it’s at low not many are jumping in on the low price.

We've been lied to and stolen from by attorneys, property managers, general contractors and HOA companies.  

But if you are doing real estate solely for money and nothing else, you are going to get burnt out really quick and go chase bitcoin and other pump and dumps and end up like 90% of the other real estate investors here not take any action.-- but like I said, do what you think is best.

Also as unfortunate as break-ins are, I think most would love to walk away with having a bunch stolen and it costing less than $500 to get back up and running.