It's only dead if you are spending too much on your purchase.  

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.

Do you have a track record of purchasing and operating real estate on your own?

@Jullion Cooper Congrats on your purchase!

I currently live in Phoenix, AZ but I'm looking to purchase land and put two prefab homes on it with my business partner.

You've shared so many gems and described a realistic depiction of purchasing an investment property. 

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

The knowledge gained from the podcast helped me purchase my first three investment properties, and a piece of land.

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.