I paid cash What was the outcome?

Yeah I understand what you are saying cause I trade stocks on a daily basis so I wanted to get into real estate.I would like to rehab properties and rent them out cause I like the idea of adding equity to a property so basically I want to do the brrrr strategy.But it was pockets of Jacksonville I would like to know we’re to investThanks

What was the outcome?

What was the outcome?

What was the outcome?

renovated the kitchen and bathrooms What was the outcome?

Here in Kansas City we rented for a while before buying and, again, it seems like we perfectly timed being out of the market and getting back in, to miss any growth and buy at/near the top again -- and then get taken advantage of by the trades before moving in.So, not trying to be a Debbie Downer, but that is kind of the "mindset" I have going into this, but I know I need to change.As far as my plans for making a change, I've tried to take some of the BP advice to heart and I am going to the Mid-America REI club meeting tomorrow.

Lots as a general rule trade at 25% of the finished homes value.. its a general rule but a 500k home lots normally go for 100 ish. of course that does change a few years ago in some markets you could buy 10k lots and sell 200k houses.. think OKC  TX those areas were new construction is built for a fraction of the price of other markets. were that can be inverse is say in an area like Palo Alto or SF peninsula were you may pay 2 mil for a lot and spent 1 mil on the house and sell for 4 mil  :)  2,500 sq ft maybe smaller. 

converted the separate living area into a fully functioning 900 sq.ft. suite with kitchen, full bath, and private balcony What was the outcome?

Tore down a decrepit building on a double lot to build two new buildings What was the outcome?