The property currently cash flows around $1,800 a month after operating expenses.

BK, foreclosure, short sale, liens?

Hi all,After being inspired by Brandon's and Joshua's amazing book, I have decided to join this platform to, hopefully, create strong connections with other like-minded individuals. 

If you know anyone that is looking for a cute little airbnb for sale in Red Lodge let me know!

After all, who is the most motivated seller in any market?

But if you to a more wise and slow approach, you can find other ways to generate additional income, build up a 25% DP on a duplex that cash flows after all expenses and you have an EF fund, well you will sleep better at night and the odds that your investment will survive the tough times in your life is far greater then someone who sleep well at night with tons of debt who if anything should go wrong, which it does in life that person may be bankrupt. 

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

After all this, you arrive at a value of the business as it presently operates.  

I moved here from Florida after seeing the projected growth.

-ARV - 500k-Purchase Price - 400k (needs full renovation set 50k) - Down Payment - 20%-1st Hard Money Loan - 250k interest only 3 year term -2nd - Hard Money Loan - 70k interest only (interest accrues to earlier of end of term/sale/refinance) -Rate TBD but assume around 10%Investor would get a discount on ARV and be cash flow positive during the holding period.