Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000

Cash invested: $40,000

Originally bought for a flip. However, a Property manager suggested a 4th bedroom an...

@Zach McWaters I think you made a mistake on the after repair value, otherwise you’re into this place for $20k more than it’s worth.

In the old days I think I’d be called a “landlord” I set goals, built systems, and learned from my mistakes. 

Identify what mistakes were made (there must have been a few small once’s at minimum), identify what you did right and how you did that.

Keep in mind, some of the best deals are off-market - get yourself connected to local groups on social media that will allow you to find these opportunities quicker so you're not in such a rush to buy that you make a mistake on your vetting process.There is always risk associated with fix-and-flips - but having the confidence going into a buy makes all the difference.

My suggestion - better in time and effort, and money (through the mistakes you going to make), than paying a guru.Between BP and books and all the other podcasts and blogs available for free, you shouldn't need any paid training - don't fall for that.

When all the speculators and builders were losing everything during the worst housing crisis since the Great Depression, I held on to all my properties.

We did make sure that we could afford worst case scenarios with our monthly income from our jobs.

I made the mistake of using an agent whose boss represented the seller for my first deal.

My passion is to find the worst house on the block and bring it back to life.