Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

People are still putting money to work in long term rental plays.  

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

I just realized that even though I've been here 6 months, I still haven't properly I introduced myself. my name is david miller. i'm an editor and media producer living in Asheville North Carolina with my family. a month ago, I closed my first deal--a fixer-upper that was dead center in my target area. it was also off market, and I was able to get with owner financing. asheville is a very hot market, and I absolutely put to use everything I've learned here over the past six months. it took me four months to find and close that deal.anyway, i'm so stoked to have found this community, and massively appreciate everyone is taking time to help a total newbie. in the time since this deal I 've gotten a great remodel project underway (following Brandon's eponymous BRRR strategy) and continue to look for new deals--the latest an asheville note i've bird dogged and am trying to find an investor for it (message me if you're interested). thanks again for being so helpful everyone, and please feel free to connect with me. david

Well, 'maybe' I'm just too accustomed to playing by California's rules.

One guy has a track record of closing deals and the other doesn't, how do you think that is going to play out?

So I'm moving on, I'm trying to do a 100% seller finance deal today on an 8 unit apartment, in light of no one else coming to the table, we'll see how that plays out.

________________Thanks Gideon, I will surely include the extra numbers to play it safe and so that the rehabber / end buyer will have all their costs covered, but I noticed you based these deductions from the ARV and not the asking price, do I make these deductions using the ARV from sold comps.?

If you are dead set on a multi in the areas mentioned, you might find that mailing owners direct will yield better results than what is listed.

Oh well, purchase prices over here in Finland are kind of ridiculous compared to the rental income you get.Anyway, I am dead set on becoming financially independent before I turn 40 years old (I'm 26 at the moment) and have decided that real estate will play a large part in this plan.