We hear horror stories of contractors smoking inside projects or using the cheapest grade of materials and have been called to correct another contractors work (more expensive than our original bid).

Or was it priced high but that happened to be the week Mommy and Daddy were in town because Junior was having problems with pot-smoking roommates and they wanted him to move out ... anywhere?

A lot of this theoretical rent money might prove to be: largely smoke and mirrors?

When I bought the building I made it smoke free, and he was a smoker (as was all of his company).

Listening to Brandon's Podcast here makes me think that i need to buy a property that is falling into a sinkhole and covered in black mold and then get my "Justice League" of contractors to fix it up before I can make a profit off of it (using the BRRR strategy).I desperately want to jump off the high dive into real estate investing but Im deterred because I dont want to buy a property with more cigarette smoke damage than a 1950s casino.

Listening to Brandon's Podcast here makes me think that i need to buy a property that is falling into a sinkhole and covered in black mold and then get my "Justice League" of contractors to fix it up before I can make a profit off of it (using the BRRR strategy).I desperately want to jump off the high dive into real estate investing but Im deterred because I dont want to buy a property with more cigarette smoke damage than a 1950s casino.

@Steve Vaughan  Steve loves excise tax  LOL.. but he is super sharp and has some work aroundsthis was the tough part when I did foreclosure rescue when it was legal in WA..Not only did we need to clear the bank many times we would only have a few hours to pay the property tax's and excise before they would record my deed the day before the sale.. it was pretty hairy on some of those deals but that's why we got the smoking deals. we could do this without title co attorney or anyone else.

Anyone who tells you otherwise, is lying or smoking something.

Where there's smoke, there's fire.

Education is key to know if a deal is smoking hot or it is not really a deal.