Can't do much outside, lovely michigan winters :) I plan on selling that home somewhere within the 2year mark and making a profit but meanwhile this summer going to try my hardest to buy a duplex off a guy I know from work on a land contract, then selling the home I live in now for a profit to buy another maybe two.

Mark

@Mark Smiley, I actually do equity partnershpis with friends..

Hi Mark...As someone who manages a large team of agents, I can tell you that nothing annoys agents more than people who completely waste their time (especially if it's knowingly). 

Hello everyone.My name is Mark Colburn and i'm a new member to BP.I bought my first property in Nov of 2011 and it was a multifamily side-by-side duplex.It was a bank owned property that we did an extensive renovation to including two new kitchens, two new bathrooms, new flooring, new paint, new water heaters, new vented bathrooms, tons of repairs to walls (was prior section 8) etc.All in all I spent about one year and $35K on the renovation.

I'm glad you enjoyed the Ultimate Beginner's Guide to Real Estate Investing and the BiggerPockets Podcast, Anthony Tarantino.

What -I- would do, since you already stated that the possible cashflow would be close to 0, is wait until you hit your 2 year mark in your condo, then sell it.

But I was wondering if you really intended to say "costs" there, and so there would be a mark-up above that to the next buyer.

-Mark

I'm pretty sure that was taken here (the hand is at the 5:50 mark):http://m.youtube.com/watch?