If you see a $220k listing for a duplex where each rent is $1000/month you see immediately that this deal is CLOSE TO 1% and that with negotiation or other improvements in rent or savings in expenses could meet or exceed that.

Purchase price: $120,000 Cash invested: $25,000 Sale price: $150,000 2 FOUR PLEXES What made you interested in investing in this type of deal?

To even find one deal you need to do marketing and build a buyers list, but what are you buying with?

None were accepted yet, so learned a ton and happy to walk away from a few deals that weren't going to give me the return I wanted, or had big issues (e.g. septic - I decided to stay away from septic if at all possible)*Taking the time to encourage a friend who knows nothing at all about REI to take his first steps.

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

A good deal of corruption and other issues that come with being a border town.

Our goal is to highlight some of the newest, most creative ways to get deals done! 

., $75 to unclog a drain, $50 to replace a lockbox)I like the per-task pricing as long as your maintenance calls aren't super frequent.I'm also a hard money lender if you're looking at a new deal to get quotes on soon or if you're looking to refinance a property soon!

When you are dealing with a significant rehab you want someone who can manage the rehab and that usually is NOT your contractor.

You have to know how to find and sign properties ahead of getting access to those buyers.You do want to do both at the same time so that when you have your first deal, you know someone, but don't expect anyone to pay attention to you if you don't have 4-5 deals at all times.