@Mike DymskiI actually see real-estate as ‘less controllable’ once it is acquired, which is a good thing - unlike stocks, which we can buy and sell based on how bullish or bearish we feel that moment.

Typically the only other contingencies a buyer would have with the standard Louisiana Residential Agreement to Buy or Sell provided by the Louisiana Real Estate Commission is for financing and appraisal, but if you have a contract that is a cash purchase with an as is sale, then you have no other options to get out of the contract.See lines 197-200 on the contract:  "FAILURE TO GIVE WRITTEN NOTICE OF EITHER TERMINATION OR DEFICIENCIES AND DESIRED REMEDIES TO THE SELLER (OR THE SELLER’S DESIGNATED AGENT) AS SET FORTH IN LINES 161 THROUGH 180 WITHIN THE INSPECTION AND DUE DILIGENCE PERIOD SHALL BE DEEMED AS ACCEPTANCE BY THE BUYER OF THE PROPERTY'S CURRENT CONDITION."

For me, my goal is to have 30 doors by the time I hit my 30th birthday and with my current portfolio, it is looking like I need to acquire 4 doors per year for the next 6 years.

Hello, my name is Lindsay and I am a graphic designer for a UK-based publication, and this is my first post here.I have recently acquired a sum of around $1.7M USD and based on my thorough research, I've found Real Estate is the best (possibly safest) option for me.

Your detailed breakdown helped me revise my perception of hard money costing too much to acquire properties with. 

The deal performs based on 1) acquiring at the right price (metrics above), 2) operating well, and 3) and disposing or selling at the right price. 

Can you acquire a owner financed property with a mortgage still on the property?

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation in which we had to replace EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.