I have been searching for single-family properties to make my primary residence, in hopes to buy and hold (long term investment/ equity), and came across a foreclosed home in my neighborhood that was newly built (2021).

About 2 weeks ago, we've decided to hold 99% of our Acquisitions local to the Charlotte area due to the High Growth this area is experiencing.

if you buy vanilla long term rentals and hold them for 50 years, you will do great. 

Whether I hold it one day, one week, or one month I recoup some costs if they were to back out. 

i’m buying & holding, long term. cash flow is my priority. let’s connect!

Ultimately they failed and I did buy the house subject to, but they had a couple more years in the house and I gained all the equity over those years without the holding costs.

Moreover,this is a hold property for us.

I started acquiring buy and holds with my business partner last year and we are up to 15 units.Lately I have been really focused on moving on from my W2 job and expanding the business we have.

Most of my BRRRRs in the past I had to force appreciation - usually 4-6 month construction, labor, material and holding cost.

It sounds like there were a lot of things done here that would not protect you when something like this happens.They are not squatters; they are hold over tenants.