Purchase price: $93,000 Cash invested: $300 1908 upper lower multifamily.

I pull good rents on my lower and live in a beautiful upper unit Lessons learned?

Due to the HGTV effect (everyone wants to be a reality TV star and "buy a fixer upper, since I'm handy with tools"), beat up properties garner MORE market interest than turnkey, not less.

I'm looking at buying a multi-family with an upper and lower.

Buying a fixer upper (50/50) with handyman boyfriend.

This over 5,000 sq feet villa sits on a half an acre of land.The basement has a bedroom, bathroom and laundry area while the upper floor houses the master bedroom, the other bedroom, and a bonus room.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $450,000

Cash invested: $89,530

This deal was brought to me by the same wholesaler who sold me my last property. He...

As my play is a BRRR, I am looking for a fixer-upper, but not a major remodel.

He is in his upper 70s, so that could be 20+ years.My thought is, he may accept any price to get the life estate, which would result in a short sale.

Even the wholesale fixer upper deals I am seeing are going for more than I paid for these off the MLS in 2016. 5 are single family cabin vacation rentals in the Smoky Mtns (G-burg/P-Forge area), and the rest are low income duplexes and single families in a smaller market in east TN.