Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the tale of 5035 Center Rd, Linden, MI 48451 – a story brimming with promise, dedication, and the transformative power of vision.From its humble beginnings, nestled on 5 acres of land, this single-family home with a pole barn whispered of untapped potential.

Plus, keeping an eye on market trends and potential future developments can really give you an edge in making a smart investment.

Our interest in the Reginia St deal in Harrisburg, PA, was due to its quick turnaround potential and clear profit margin.

Our interest in the Reginia St deal in Harrisburg, PA, was due to its quick turnaround potential and clear profit margin.

Every day for weeksI'm not recommending this for anyone, but I would stop at obviously abandoned properties that had potential and wander around, looking in windows and sometimes going into the house - through an 'unlocked' rear door of course :-)Sometimes the windows are boarded up and you cannot get a view of the inside....then it's just your knowledge and your gut once again.Go to the County and look up the owner....send them a nice letter....even make a dollar offer if you feel so inclined. 1 in 10 might respond.This is the way to find deals with a lot of equity potential IMHO. 

I would recommend using a calculator to evaluate future rates and determine at what point in time/rate would you cash-flow at a comfortable level (after capex, repairs, vacancy, pm, etc). 

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

For commercial spaces - I prioritize a long term / cheaper tenant over a high rent with the potential for vacancy. 

This involves showing units, answering questions, and helping with paperwork.Bird Dogging: In real estate, a bird dog scouts out potential investment properties for investors.

They are getting what they really want, and you are crafting the deal to where it will still make sense for you.One potential issue is if what is most important to them is also important to you.