Purchase price: $127,250 Cash invested: $110,000 Sale price: $390,000 This was a fantastic flip opportunity my investor picked up in the coveted neighborhood of Mt.

Less rehab, better neighborhoods, and could manage it yourself if you like.

One of my coworkers 96 year old grandfather had her go online and apply for a tax delinquent property in his neighborhood (North Birmingham).

Now I'm venturing off on my own in search of building up my own investment portfolio.

He then sold the lots cheap to homebuyers, negotiated with a lender to provide mortgage financing, and teamed with a builder who would build simple, inexpensive homes.

I’ve started off with buying equity in a new build that cash flows as a mid term rental.

So I suppose there are 3 routes, you can reach out directly to suppliers to try to build a relationship, use a service like Minoan, or join a buyers group and just reap discounts.

From what I understand, it can be a lucrative way to build wealth over time.

Unless you plan to pair it with a construction division or can build out a brokerage and the property management is utilized to bring in and/or retain business, it's not a great business to be in if you plan to manage 3rd party assets.

Unfortunately I was not able to build up quite as much capital as we would have liked before her stroke forced her into an early retirement.