I am curious about the need for a property manager in these situations as the tenant would also have equity to protect...would that negate the need for professional management?

My current strategy is to buy more houses to make up for the negative ROI but it really sucks to have two properties making you no money.I need a brilliant Idea to turn this around since I have run out of them

Just as nearly any new home builder with a halfway decent reputation uses their name to advertise their homes, I would like to have a name to advertise mine that will hopefully create some extra value for my projects and make them easier to sell.I came to the conclusion that a brand name would be a good idea mainly from hearing of or getting hints at buyers attitudes towards flip projects, which I generally consider to be somewhat negative.

HOAs usually control what's going to happen...get the wrong board and a special assessment and your tiny monthly return can become a negative very quickly.

Statistically, 4 out of 5 new businesses fail after the first year.

Failure to do so negates the corporation, and in the event of a law suit, the asset protection of the Corp disappears.

I've been looking at 650K or less (with 25% down) in the Inland Empire area - Redlands, Rancho Cucamonga - but find very few deals that cash flow - seems like most are actually negative.

Hi Everyone,

Let it first be known that I am very new to BP and learning all the time. I guess I am just looking for validation on the approach that I am currently taking in my buy and hold strategy.

In...

I'm not even sure how I would profit from finding these types of houses as they are typically well maintained and people trying to sell tend to have realtors (which negates the need for a wholesaler I think)."

But even that is merely a self fulfilling prophecy because you will tend to do business with people like you on projects that you believe in.I would recommend changing the number not for voodoo's sake, but to eliminate the chance that it could negatively impact what you are trying to do.We have enough problems.