20% down, Financed the rest for 20 years @7.45%  Hey @Derek Wilke!

Years ago, being a property manager was what I planned on doing for my retirement gig.

You’d probably find “bigger discounts” from people who put a large amount down when they bought 2-5 years ago but have to move.

As you have pointed out in other threads, paper cash flow on old midwest properties is illusory.  

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

They both were up in the Glendale area for 15-20 years or more, and were very involved with the local business community.

Today, we’re talkin’ Fannie Mae and Freddie Mac, the mortgage giants still under government conservatorship 17 years later.

Sometimes you need to follow up with a decision maker for years before they are ready to sell.Are you okay cold calling people?

@Gabrielle CutlerWrite down why you're investing and what you envision your investments doing for you in 2-5 years.