🏠I’m thrilled to join this vibrant community of real estate enthusiasts and professionals.

👋Leon here, thrilled to be diving headfirst into this bustling community of property enthusiasts.

I was thrilled, to say the least, and thinking I was now the smartest guy in the room, I jumped into another deal, another foreclosure, but this one had a very different outcome.

Hello everyone,I am thrilled to announce that I will be starting my journey in real estate by attending real estate school on May 20th, 2024.

Let's assume the property has $313,000 in NOIValued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow + Are you a gambling man? 

One of the most thrilling aspects of this industry is the opportunity to optimize pricing strategies to maximize revenue from each property we manage.

4 doors if managed right can make you, $350,000 over 2-4 years. 2 doors  maybe  $200,000 in 2-3 years.Little gamble. 

I told him I'd gamble that there's no one who even knows that restriction exists to enforce even if an heir lived in the area...the way to legally eliminate them is either get the beneficiary to record a new document (possibly a QC deed) to eliminate their restrictions, or pursue a Quiet Title if you think the person is no longer around or their heirs are not identifiable. 

Hello BiggerPockets Community,I'm thrilled to be part of this dynamic community of real estate enthusiasts!

So many folks will scream that buying negative cash flowing RE is "gambling".