Hi BP Members,I shortlisted one RE property with $350K purchase price and with good long term tenant income ($4400 PM current).

Purchase price: $375,000 Cash invested: $60,000 Sale price: $525,000 This home was build in the 1980's.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

Part of rent is applied to purchase price. 

My neighborhood is older and is mostly renters or lease-to-purchase owners.

I'm looking at a purchase price of under $175K.

We are looking to make this post to start getting in contact with likeminded people in the areas of Calgary or Edmonton.To provide a little background, we purchased a half duplex 3 years ago in our hometown (Northern Ontario) at the age of 21.

@Jose Mejia I assume this property was purchased under an LLC.