What made you interested in investing in this type of deal?

I know that I could hire a PM so that I never have to deal with tenants personally.

I have created a spreadsheet for quick analysis (with the 2% rule, 12% cash on cash, total ROI of 15% per year, etc) and have just been analyzing any Zillow deals that pop up.

We are curious to hear what creative ways more seasoned investors than us would do as a first move looking back on some of your first deals?

Purchase price: $6,500 Sale price: $8,000 Nice wholesale deal.

I have 2 separate Property owners where im located in Maine both looking to do joint venture deals where they provide the land and I get the project lined up and funded.

It’s worth the investment—placing the wrong tenant can cost you much more in the long run if you have to deal with evictions or non-payment.It’s about finding the right balance for your needs, but in my experience, having some professional oversight can save you a lot of headaches down the road.

I prefer my method because with the $800/month estimate you might buy a property believing its a great deal, BUT sell it after several years having made negative cash-flow.

@Zachary Deal Thanks for the sanity check.

Reflect on your first deal and network with other investors.Good luck!