For the first time in the 15 years I've owned property, I don't loathe bookkeeping, and I'm not worried that I've got my books done wrong.

📍 Property: 88 Innis Ave, Columbus, OH 43207💰 Bought for $1,000, Sold for $40,000📅 Total investment: $5,170.36📝 Licensing Fee: $3,000⏳ Processing time: 58 days from purchase to disbursement🔑 Key Numbers:Profit: $34,829.64ROI: 673.64%Annualized IRR: 4098%Ever wonder how land entitlements can deliver these kinds of returns?

I've had 3 cleaning crews in the last 3 years and all of them have a hard time finding and keeping good cleaners.  

National vacancy rates have remained flat in the first half of 2024, following a 90-basis-point increase last year, with major metro areas showing particular resilience.

Anything you would have done differently to save time, money, or headaches?

I'm currently located in Northwest Arkansas (Walmart HQ) and just closed on my first flip a few weeks ago.

We bought our first duplex in 2016 with 100% financing (mortgage + heloc for downpayment) and are making great cash flow on it 8 years later. 

@Walchli DonnaAs an fyi next time you do this use a licensed loan servicer and charge it back to the borrower - it’s $25-$30 / mo and they handle all the payments and loan balance as well handle all the tax documents as well.

Which is around the time I discovered BiggerPockets.

Both guys have been around for some time, but I've never worked with either or know of anyone who has.