Hey Drew,You have to put some money in your figures to account for closing costs and fixup for the purchase part, and for vacancy, repairs, capital expenses, management and leasing costs, and utilities while vacant.

Drew Palmer, property values are high in Grad Hosp and the like, unless you were to buy/rehab/hold I don't see making a cashflowing rental happen in an area like that and even then it may be tough.

Hi Drew, I'm new to this site, but noticed you are from Tampa as am I.Tom

I have to assume that it is cash flow positive ... if you drew the equity out of it to get you into your next project, would the current rental still cash flow?

grandslam by jd drew. where did that come from?

It is (real estate) initially what drew me into the investing field in the first place.

My thought is to buy the house for $40k or so, partner with the seller (he drew up a very detailed scope of work that totals about $50k in repairs but I feel there is still room for negotiation in his number).

Later, I was also in non-profits, with gut rehab to new construction, developments but not fair to compare with an individual flip, drew a salary, fees and benefits.

Drew - You are starting off on the right track by starting in real estate at a young age and joining BP.

For my second LLC I recently establish, I drew the documents up myself and requested his signature.