Purchase Discount: It's crucial to buy properties at a deep discount if you plan to BRRRR and get cash back.

@Drew Sygit I already possess the necessary knowledge and am in the process of due diligence to purchase a home.

The question is, how much leverage is the investor using to purchase the property and at what interest rate.

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

Another leading indicator of purchase activity: mortgage applications.

I purchased property #1 in May of 2020. 

Short story, I recently purchase an investment property. 

It does not seem to, but a couple properties have significant amounts owed to an individual through an Assignment of Rents document and I just want to get another set of eyes on this to make sure I'm interpreting this correctly.The deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:(a) Any lien for installments of taxes and special assessments, that installments will become payable upon the secured roll after the time of the sale.

I'm just telling him he's underutilizing his site by going one story and if he plans to exit he should plan around what an institutional level self storage purchaser will want. development is about exit or ability to exit and risk. in multifamily we build or try to build at least 150 units. not 40 or 60 or 80 there's no buyers.

The owner of the property is a relative, who purchased the property (condo in Miami) for $200K in 2014.