I Have a Potential life-changing Deal Cooking...Hello friends,I was driving for dollars and found a distressed property multifamily property in the Bronx, NY.

They're driving the prices up in many of the B neighborhoods. 

Scan it and keep on a cloud drive.  

There are a lot of factors to consider. 

Also, it is only an 1.5 hour flight/10 hour drive from home so somewhat in my backyard- that made a big difference for me. 

There is zero impact on how much cash flow your equity is buying.The bottom line, and most important factor, is not how much cash flow your equity buys but how much cash flow the property itself generates without equity.

(I should note that I live in Japan so buying a house and living in it is not an option for me.)Sincerely,Cory Ballantyne you're gunna hate me for this, but I wouldn't consider buying in America, from japan, for your first deal, unless you had in the range of $75-$100k. when you invest locally, you can get low down payments and house hack, you can drive to see properties, you can go to investor meetups and pick peoples brains, and you have the luxury, if something goes wrong, of seeing what went wrong and even going in and picking up tools yourself to save on labor if absolutely necessary. from japan, you will need to fly to see any property you hope to buy, probably have trouble meeting up and networking, and everything will have to happen with boots on the ground financed out of your pocket.

If you don't have that drive and that determination to make it work no matter what.... someone else that does will always surpass you.Now, mentorship is a great offer in some circumstances.

Access is always an important factor too. 

After driving for dollars I have recently sent out a few pieces of mail and plan on to continue mailing these people.