We bought this commercial property and another house. 

Has anybody ever heard of a strategy along the lines of:1: Showing homes in need of repair to potential home buyers2: Have the potential homebuyers tell you what kind of renovations they would want in the house3: Get a contract between you and potential buyers for you to buy the house yourself, do the renovations and then sell the house to the buyers after all renovations are finished.Essentially instead of the homebuyer buying it and then worrying about doing all the renovations themselves after it has already been bought, they can pay somebody else to renovate it before they put money into it then buy it after it is finished.

so I just bought a turnkey at a great deal.

Note: I think this is a really hot area which will continue to grow given the proximity to Brooklyn, which has exploded the last few years. 2) bought my new primary 1 family forclosure home for $325 in 2016 and house hacked it to get some supplemental income, which covers ~50% of my mortgage.

I just bought a 4 family, and two units have 1960's gas stove/oven combos.

I, unfortunately, had analysis paralysis for almost 2 yrs before I finally bought my first property with the cash I saved from my day job.

I understand the principle but in almost every case, the property was bought for $X, was immidiately worth $X + 15%, then a mere 6 months later there majically appeared an incremental 20% property value increase.

We bought our first property 5 years ago this month.

Its a 3/2 that I bought for 110K.

We've bought a few deals this way.