I budgeted 4K for labor and the remaining 7k for material which I knew was an extremely tight budget (even impossible) in order to get the property to the condition it needed to be in to fetch that 50k ARV.

Many of the areas around Fort Hood are extremely price capped since they're tied so closely to military BAH, so you'd have to find a deeply discounted home to make that strategy work well for you near base.

(I am in the ‘pre investment’ education mode right now, not yet ready to pull the trigger on it...that’s another post🙂)Thank you!! 

And those rates certainly aren’t at reduced rates averaging $636 (in Cosby), $743, and $1,453 (extreme luxury 6 bedroom pool cabin) per night.

View report*This link comes directly from our calculators, based on information input by the member who posted.Looks like a good deal I would pull the trigger on this, just have one suggestion and one question.

Had some extreme storms with a lot of rain come through this past weekend and had my tenant call me to let me know there was water in the basement.

I definitely do not want to do anything that isnt completely open and transparent...I'm a mental health therapist and my reputation as an honest person is extremely important to my therapy business.

Thank goodness I waited until we moved to Texas before I pulled the trigger.

How much time you need to gain appreciation depends on the asset, the sub market, and most importantly the investor choosing and managing the asset, and in the most extreme example your lifespan.Risk in real estate investing comes from two sources. the 1st and biggest contributor is investor error.

I never expected to get a financial benefit out of that relationship, but eventually did.My experience with networking is that you will meet like minded individuals and over a period of time you will get to know each other better and eventually some deal will come along that works for the both of you and you will pull the trigger.