Hard work, integrity, and results will take you a long way.5.

I'm not happy about the results on this deal that I've been slaving over since June but it wasn't a complete fail story so I'll share what I did here.

Facebook marketing to this demographic could produce returns, but it isn't too effective because the majority of those home owners are not on Facebook actively.

Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

They produced documentation for the POA and record of $65k transfer before the quit claim to current owner.  

The concept of BRRRR is not to produce extravagant cash flow in the early years.

I like the idea of the tax benefits of actually owning income producing real estate )as opposed to REITs), but if I have to screen tenants and answer calls about leaky toilets it does not make sense to me. 

If you do not want to be very active, then yes it is too little because you will need to either invest 1.) money or 2.) time to see real results.

(skip traced spreadsheets) Cant wait to get the targeted social media ads, Driving 4 Dollars and other lead producing campaigns going!

In the meantime, I will continue borrowing as much money as possible to purchase income producing real estate.