@Eric TeleseWe got hit by the same snowstorm way too early and I can’t wait to go back to Playa del Carmen next month to see how the construction of several properties that I bought there is going.

1/2 family-owned and I bought out the other 1/2 How did you finance this deal?

I projected my ARV to be at least 100k when I bought it based on the sale if a property 4 houses down that sold for 93k with zero updates inside.

Say you bought a 200k property and depending on where you bought it it may be 150k of land, and 50k of structure (improvements).

Not everything in life can be bought and sold

I bought my property for 55k. 1100 square feet. 3 bd 1 ba.

It is about what we paid last year so just want to be sure we are shopping in the right store.  

Earlier this year, I bought property that was originally built in 1927.  

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

If you are brand new, you will probably need some more study to assimilate all the jargon that we are using.