He found out someone might be selling a 4 plex and he didn't want it so he told me about it.Asking price 160,000Within half a mile to the local university3--2 bedroom units and a 1 bedrooms unitBuilding was old (built in 1955) and had not been updated (besides a NEW ROOF!)

I am usually within a 30 mile radius of Indy.

I'm an investor based on Northern Virginia with some properties in Knoxville - a few hours southeast of Johnson City.  

And, we may be missing the best investment in our lives by refusing to learn something because we have to go the extra mile to do so.  

We can live anywhere in the 100 mile radius. 

If the properties are within 100 miles, you would have to qualify with both mortgage payments.

What is the average DOM for the sales comps (I don't care about the "for sales") over the last 60 days, within  1 mile, with the size within 10% of the subject property, at...here's the most important criteria, at the same (or very close to the same) ARV you are saying you can sell this for after rehab = $290k?

Hemet is only 90 miles from LA,has a population of about 90,000 and is close to 2 major employers( casinos )The area also has a good size senior population and the town is still recovering from the foreclosure crisis but there has been a lot of sales due to the lower prices as compared to LA.You have to filter the listings and view the short sale,foreclosures and straight sales to get an accurate picture.As an investor you need to stick to your criteria and then search Hemet to evaluate what is really going on beneath the surface .

The interest rate on my car is 8% (mine was totaled in the accident....unfortunately I can't trade it for a beater...my job is almost 50 miles away....so 3 hours in traffic and 100 miles a day requires a newer car that won't give out on me....another reason I want to get into RE heavily to get out of the rat race, lol)The credit cards and emergency fund can be paid easily....and still have a good amount left over to use for business purposes.

It’s now been over 7 months since I acquired my first 4plex. While on paper it’s performed better than expected (so far), in reality it’s been far from smooth sailing. I figured I’d come here to share one of my more h...