I am educating myself on BiggerPockets (BP) and stashing away cash to acquire my first buy & hold property.

Just ask around and see what you think fits you best after acquiring the pros/cons of each method.

To make a long story short, as of Jan 2013, we acquired this home back again and have just been renting it out since.The hubby and I have been talking lately of having an agent there in AZ do a market analysis for us.

If you're comparing turn key investing to buy-fix-and-hold then you *might* be able to acquire a property with a lower cost basis, but you take on more risk, and longer timelines in the hope of getting a lower price.

You get granny to make that second and she gets messed over, I'm pretty sure you're had.There are other aspects as to the interest acquired in a Sub-2, you are in title as a buyer and you can encumber your interest and cloud good title, this requires a filing in the RE records and is another violation under the first with the transfer of interests by a third party, you, as the buyer.

I recently acquired a vacant 6 unit building in a very good area (definitely A class) using private money from my investor.I cater to a specific niche market of renters that allows me to charge considerably (~15%) more than market rent for my units.

Using the above example:400K ARV- $192,000 for build- $XXX.XX for utilities- $XXX.XX for admin- $XXX.XX for your wholesale fee- $XXX.XX profit for your builder= Max Allowable OfferI may be way off on this, but I've had a developer tell me he looks for acquiring the land at 50% of the assessed value.

Have you ever sold for $15k or more a property that you acquired by foreclosing on tax lien certificate ?

During that time I've acquired 26 of their investment properties, 2 of which I've sold and made absolute great results on - and all of which throw off positive income from monthly rent collections.

Their price structure was the most advantageous I found.Recommend reading Tax Free Wealth by Tom Wheelwright to anyone considering acquiring properties with a retirement account.