My most recent acquisition won't yield 1% of the purchase price (it is an REO) due to extreme competition for properties.

Imagine an underwriter suggesting that the borrower sell his motor home in which he was living in until his construction loan was finalized!

Even just a first hand experience i would very much appreciate.The birth of my son, who I will finally get to meet next month, has inspired me to really pursue a dream with a lot of determination so I can give him the world.Thank you

With us both having hectic careers, it has seemed to be the best way to enter the field.A friend, Oscar Perez, recommended the site and I am finally de-lurking.I am currently devouring all the podcasts and getting a great deal out of them.Our long term goal is to be economically supported by our real estate investments and see about having me transition to becoming a real estate professional.

My first was a condo acquisition and then a new construction build, but of which had tenants.

My family (parents and siblings) have finally come to terms with my plans; my wife is entirely on board, so long as I'm home for dinner.

When we acquire a very old property, or one that was unloved where maintenance was deferred, we will often building a separate CAPEx allowance.When you put all of this together as part of your pre-purchase analysis, the adage "You make your money at acquisition

Finally relented Jan 8th & sold a great SFR to an old contractor friend who has been bugging me for a couple of years about it.

We have vacant sub-division lots & I was looking at a $24,000 in-fill lot surrounded by $275-$325,000 homes but again the final tax assessment would be the killer.

My plan is to Wholesale and flip in order to fund rental property acquisition.