Your house is occupied and paying, that's 90% of the game.

(1) 25k 2BR1BA unit (sandwiched in a 5-plex), spoke with some people in the are in the game, they confirmed my inclination that the ARV would not move much...but say I have 28.5k in the deal after cosmetics and closings...The home's ARV ends up at only 32k...that leaves 24k at 75%...would it be possible to do this with the cash strategy, ending up with basically only a few thousand of your money left in the deal which will be paid off in no time by actual rental profit after all expenses???

He has experience flipping 100+ properties in Florida years ago (got out of the game around '08).

He is very honest and he is in the game for the long run.

As learned and said by many time and time again that real estate is a numbers game, how many buyers is enough to have a strong platform for most scenarios?

Do not be afraid of NOs or people finding out you're new to the game.

In regards to your game plan with Antigonish, I think it's spot on. 9 months of student housing, followed by a summer of Airbnb is on my radar if/when Airbnb becomes too saturated in HRM.Cheers,Paul Mackay

Hey guys, Alex here from Addison, IL.  Been listening to the Bigger Pockets Podcast for the last couple of weeks.  In 2008 and 2009 earned top 100 Chicago Realtor title.  Had some financial missteps ,and pretty much s...

If you have an office but play games on your office computer, then you are not using the office exclusively for your rental business. 

If you want to do this deal, you need to bring in some experience, which will potentially require some real skin in the game on your part.