Just comparing to a house purchase in Louisiana. $25k for the house. $10k light rehab.

The only thing was, got a break from the seller when on purchase, prices went up like crazy, so after 15 years, 1031 the property into another.Talking about tenants in their 70's, I looked at a property here some years back, rent controlled, tenant is paying $98.00/month on a unit where the market rent was $800.00, and the tenant at the time was 90.

View report*This link comes directly from our calculators, based on information input by the member who posted.I am supposed to be purchasing this property as a house hack in a week.

@Heather Rummel congrats on your new purchase!

Purchase price: $90,000 Cash invested: $18,000 This is my first buy and hold property.

Purchase price: $90,000 Cash invested: $18,000 This is my first buy and hold property.

Do we continue to invest in the area by purchasing more vacant land?

I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.

Talk with them before the purchase to make sure they can help you with your goals and they are a good fit.

@Andres Safady now that you have a market, recommend you figure out the property Class you want to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.