Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

New vertical blinds instantly date your rental.    

I go pretty much by the bigger pockets formula, some of my main instant declines are:Gross less than 3x monthly rentevictions, feloniespoor rental historyDogs that my insurance does not coverOk, beyond that, things get gray for me…and I had a coach tell me this… “If you ever make an exception on one criterion, you must continue to make that exception from now on.   

He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.

Not to mention instant equity and possibly setting you up well for the BRRR strategy after seasoning period. 

When you find one well below market value that needs work, you can put some money into rehab, then rent it, and you'll have instant equity and a higher cash on cash return4.

He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.

He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.

Real estate has historically been a long term play.this idea that someone who otherwise never cared about real estate, can simply dial up a realtor and buy instant 4 digit monthly cashlfow is something born out of YouTube.

If I bump the bedroom up to 6 it instantly goes to 200k.