Bars will be on the windows (crime reference above).Don't be surprised if your cheap purchase costs that much or more to repair as your repair costs will be much higher than a home built with more modern materials, such as in the 1940s-1950s.

If you already have 15 rentals I’d obviously take a $200k cashout refi on one of them and use that for the purchase.

Hey Jacob,Hiring a real estate attorney can be a smart move, especially for navigating the legal complexities involved in purchasing foreclosed properties.

That would probably net around 4.5-5% cashflow plus appreciation given my overly simplistic formula for cash purchases. 

Purchase price: $146,000 Cash invested: $42,100 Bought through hard money.

Purchase price: $199,900 My first real estate purchase, which I converted into a short-term rental, I rented for half the year when I was away.

There are only two reasons to get your license:-Are you doing at least 10 purchases/sales yourself every year?

I am living in New York and am planning to purchase my first property in Lehigh Valley, PA. 

Online ratings can only take you that far.

It's looking like 2018 is the year I pull the trigger on purchasing a multifamily.