Discussions on topics like this are very beneficial for BP Investors to follow as it can bring light to the mindset of many who still apply their outdated and antiquated strategies.I'll bet everyone reading this topic will for now on (when possible) will round up or down though!

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Follow-up to my above comment. 

First time investor looking to grab his first property after following BP off & on for 4 years. 

Hi All, there are several discussions here on BP that reference the idea of an all cash purchase followed by putting a lien on the property through your own llc and writing a mortgage note with the property as collateral. 

In the end, maybe you'll sell it to some flipper, or a wholesaler that works with some proven flippers. 

I would advise your friend to do the following:1.

Just to follow up on a couple because they do make sense but the numbers don't add up for me :/ Annual Expenses: @ Year 1 = $18.718 * 1,02 = $19.032,36 in order to get Year 2.

My overly simplistic formula is as follows.

Sending out offers to owners is a proven method of having interested sellers contact YOU.