In tough markets, flippers are competitively bidding properties up to where you have to buy it at 85% of ARV.So, either with parents' help in the next 4 years, or on your own at 18+ years old, get motivated, get educated to know a good deal, and take advantage of nice profit potential in REI.I've been pointing new investors to consider the BRRRR method of fix/hold rentals.

Hi @Julia Bykhovskaia, do you know if your friends with 10+ properties counted their STR income on their financing?

I run comps weekly to make sure the price is still reasonable and competitive with the market.

And most importantly, if you have used/known other lender can do this no tax-doc loan with more competitive terms, please feel free to reach out to me, much appreciated! 

Tell us more about those deals sometime ;)You're the first guy I think of when someone mentions the NW corner of the state, I can't imagine your competition is too fierce up there, good on you!

Looking for an investor friendly Realtor to help me sell a low value REO property nre Quarry Park.Thanks

@Lisa Rispoli- How about this strategy: Get a bunch of your attorney and doctor friends (ones that are looking to park their money somewhere), pool everybody's money together and go out and buy a property cash.  

There are parents/sisters/friend/grand children, total 6 adults 4 children. 

You could also partner with yourself using your IRA and cash or you could partner your IRA, cash and with a friend. 

Or should I wait and have my own agent arrange to see the property (it's also a friend so they're going to help be an extra set of eyes on the investment also).