Purchase price: $116,000 Cash invested: $19,500 Sale price: $198,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Heather, successfully completed a fix-and-flip on S Vernon Rd, Durand, MI 48429.

@Chris Rogers higher interest rates have caused most Class A property purchases to NOT cashflow for an approximate 3-5 years.So, many naive investors are chasing Class B, C & D properties to cashflow, WITHOUT fully understanding the scope of the additional risks involved:(Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location 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.

Hello, I have a condo and a 3 flat that i recently purchased but in the recent months more properties have come on the market that I see get value in purchasing and keeping them in my portfolio but the only thing that’s stopping me from making the purchases is the money issue.

Purchase price: $195,000 Cash invested: $30,000 Sale price: $297,400 Contributors: Peter Vekselman Partner Driven, in collaboration with Don and Peter, successfully completed a fix-and-flip on Rue Montaigne, Stone Mountain, GA 30083.

*This post does not create a CPA-client relationship.

I've depreciated it over the years so it's been a good investment for tax purposes and we've also leveraged it previously to purchase another rental before we refinanced it in 2021 at 3%.  

I have purchased a number of properties subject to the mortgage.

Google is useless and I've never had this challenge in our out of state property purchases.

A TON of my investment clients come from CA. 

So, I will share my opinion and leave it for other, more tenured investors, correct me.This is my understanding: your goal is to get the property at such price and location that it would make sense for investor (your buyer) to purchase from you and do whatever they want to do with it.