Hey fellow Real Estate junkies, Ive been trying to acquire a duplex that would have instant equity and has major potential to become a cash cow.

But want to use the existing equity to acquire more, possibly do flips or BRRRs.   

As far as rehab estimate of $30K-- a new roof, 2 water heaters, mold remediation, and a punchlist of little fixes (ex: rehang doors)-- there won't be much budget left for anything else (especially if the foundation does in fact need work).

I know for a lot it’s cash flow, but I’ve also heard that cash flow isn’t a good indicator for whether you should invest in a property.As long as I am netting $200 to $300 per month I would pull the trigger on acquiring the property.

Our long term goal is to build a portfolio so thinking about acquiring our first property with a long term lens influences our thought process.

High bidder’s remedy when sale is voided?

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

But acquiring a multifamily here is extremely difficult.

@Angelina R martinez @Jay Hinrichs @James HellerHi Angelina, wholesaling is one facet of real estate investing.I’m now actively wholesaling after acquiring a portfolio of buy and hold rentals.Wholesaling is not easy, you’ll have to talk to many, many people.

We acquired this deal through land contract, putting very low cash out of pocket into the deal.