He's got really clever subject lines tho so I open every one of um. its the high desert western desert land game.. there was about 2 to 3 million lots created in SO CAL AZ  NM  TEXAS N CAat the turn of the century through about the 50s before the subdivision map act came into play.. they have been traded around in tax sales for the last 100 years.. there are a few gurus who sell a course how to buy and sell .. but its an old old old old game nothing new.buy at tax sale for 100 dollars (literally) sell on contract for 500 dollars 20 dollars down 10 a month.. if they make it one year you doubled your money. and because the price point is so low no one cares about title insurance its just deeds being swapped.. its the business I grew up in..

We are looking for one that will process assignments of contract and double closings.

On Tuesday I approved an emergency maintenance request from management company for an a/c not working on 2nd & 3rd floors (bedroom floors).

In some areas of the country, people would tell you this is not a good enough rent to purchase price ratio, but rents in this area are sky rocketing ($1250 for an average 2 bedroom). 

We found an amazing property that was on a double wide lot with two 2-car garages.

Get Permission to go ahead.2. mini split air conditioner, insulation for garage door pop in options . (1k)3.

mini recap on the numbers:530k purchase, 5% down, 7.5k seller credit.Cash used was: 80k rehab + 30k down and closing costs + 11.4k holding costs = 121.4k Current loan balance is ~502kLooking for my next steps with @Landon Hoon on how to best use the equity gain.

id like to start my rental portfolio and feel this would be a great first property. rental rates for 3/1 in that area are going for 1400 and there is also room in the basement to add a additional bedroom which would juice up the rental rate to 1600-1800!

Hi Calvin, I suggest going to ACRE - tonight (6/5) is their monthly meeting at the Double Tree hotel in Greentree.

And whether year 10 or 15 or 5, one out, I rent out both units for market rates, staying above the red likely in double digit % returns.