I am thrilled to connect with the BP community and learn from others.

Hello Everyone,My name is Michael Brooks, and I'm thrilled to be a part of this community!

I had a few appraisals come back from Akron/Clv markets and had the appraiser comment that it is a "down market".If you are targeting the 50k purchases with the 20k rehab and then hopping to refi out afterward you are taking a gamble because if you do not get the 100k value after the rehab you can get stuck in the project or be forced to take a mortgage with a terrible rate.Keep your purchases 80k and up and try to make sure your project costs are over 100k on everything so you can be pretty confident that you'll get the 100k value afterward.

I haven't logged in for a while because I've been so busy, but I love your post.First of all, I'm thrilled to hear you had the success you had and that you're keeping it up.

However, it’s a gamble.

We just bought a property in lake harmony as well, and thrilled to find a thread here from couple of years back.

Tenants are a gamble and so is court but you have a 5 year tenant that paid during covid when courts were closed so I’d give that some credit.  

I'm so thrilled to meet others with some experience in this space.

You have got to be net negative overall on your real estate syndication investments --- are you continuing to gamble with your money in this market?

I'm also not thrilled about paying Intuit any more $.This sounds a bit like a mess, so I'm hoping there is some workaround here that I could propose to my CPA.