I did this through seller financing, creative purchases, and utilizing other people's money. 

Purchase price: $200,000 Cash invested: $20,000 Sale price: $377,000 This was the first house I ever purchased.

@Rufino MendiolaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Rental prices in ABQ keep up with purchase prices much better than they do in Santa Fe.Overall, residential prices are up about 15-17% from 1 year ago, in both markets.

This increased the required household income to purchase the median-priced home by $6,400, to $119,700, after also accounting for the cost of tax and insurance.

Working on the rest.We rank them by Class A, B, C & D.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, we recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

The first purchase is the hardest.

That is the equivalent of me purchasing a hammer and tape measure and calling myself a contractor. 

Yeah there isn’t a forem for foreclosures, but as this is being purchased for cash it is a brrrr too.

Hello everyone,I'm seeking advice on coordinating a rental for a property I recently purchased in the 48602 area.