Purely anecdotal but I think the number of section 8 applicants I got increased after posting there (I did get a few before that as well, so it might just be coincidence).

I feel I could create a couple of posts purely from this one deal, but overall, I do feel as though we are having to yank the disclosure information from the seller and their agent.

If you can make, say, 10% annual return average on each new buy and hold, and it costs 5% to borrow the money, the only thing that makes sense from a purely financial point of view is to buy, rinse, repeat.

Please don't suggest owner-occupier rates/terms, if you're a pure investor!

Keep in mind this market is pure speculation, you wont find anything that is close to cashflowing down there so people buying units as rentals will crash and burn if appreciation doesnt save their asses.

REHAB - up to 30k rehab.RENT- My main goal is to cashflow minimum $150 per door so a 4plex would give 600$ PURE cashflow in total.9-15% Cash on Cash return.REFINANCE- And of course refinance it to pull most if not all of my money outRepeat...2))) Could you share any multifamily BRRRR deals you have done lately?

@Jean BolgerFair enough.I'm getting it for $63K with 25% down (although originally it was 15%, because it was a primary home, and silly me didn't ask before what constitutes an investment property even though the loan officer knew I'm looking at pure investment properties).

Personally I'd want to minimize my vacancy rate if this is purely a rental property and would be looking into year round ski areas.

This doesn't include any kind of future sale proceeds, just purely cash flow, but based on the reported NOI, so if you take into account debt service and taxes, that value will likely be even lower.

Then you have 0 recurring expenses and basically a paid for unit after just a few months of renting it out and then it's just pure 100% income with little to no expenses other than occasional cleaning.Trailer trash isn't really considered much when people are just renting out for a few days to a few weeks on air bnb for a vacation.RV sales, renting, etc are exploding now that homes have become so expensive.