Most people strip out all their equity to buy more property and pretend they made it, I've done versions of BRRRR myself although not as extreme as others.

There are a lot of pretenders out there, and it's easy for new people to be led astray by that.

that's for you or an agent to determine.call a few agents and pretend you have a house there and want to rent it.i'd not get one like that, but if it was the only one i could buy and price was RIGHT... i'd get it.

(Now naturally I'd do my due diligence and make sure the seller is speaking the truth here, but for this phase let's pretend everything they said is truthful).current gross income: 468k.current expenses:309kcurrent NOI:159kcurrent cap: 7.7%current occupancy: 68%seller supplied rental comps to justify (seemingly correctly) the following proforma:proforma gross income:732kproforma expenses:340kproforma NOI:392kproforma cap: 18.7%$ PSF: 20.50$/unit: 20,200average monthly rent: $550comp cap rates are in the 9% range, with /unit costs between 25 and 35k, PSF averaging 35-45.So obviously the deal isn't that hot with the current rental situation, but the comps seem to support the existence of a strong upside.

Many developers pretend that they give you developer financing because they let you pay over the course of the construction between the signing of the contract and the delivery of the property.

Let us pretend for a moment that you call me and ask to see a property.

Let's pretend that you are 50 and sitting on your porch.

You can pretend that I don't like real estate.

You were called out because you were clearly here to pretend to be something you're not.  

He pretended to set the places up with tenants, pretended to be handling the property management on the place, and sent the new owner the first six months worth of fake rent after a host of fake repairs and maintenance that turned the amount of the fake rent into a pittance.