I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

@Tyler Speelman pretty common in this area (NJ) but I think depends on location.

@Philip Levi it depends on what part of town the rental is in.

They’re your first line of defense in protecting your investment portfolio.

I have seen amazing stories from many of you on BP and want to open my mind to new possibilities and strategies that are out of my comfort zone.Teaching - I have been building residential and commercial properties for many (too many) years as well as land development and property subdividing.

@Jefferson BlackWhat is the turnover on this type of property?

We each made $7,500 on the deal What made you interested in investing in this type of deal?

it's volume, volume, volume.happy to chat more on whatever you like.

My question is, if we take a cash out refinance from one property and pay off a second property; by virtue of interest tracing rules is the interest deductible on the second property.The reason I want to do this is because it improves on the title/closing costs for the one property while still leveraging the highest value property.

Market your property and get tenants.This could be through flyers, direct mail, rental marketplaces, newspaper ads, or on social media etc. 6.