I was in the exact same boat about 1.5 years ago Justin.The properties that I buy are Very inexpensive, so this strategy wouldn’t be as effective on properties sat over 100k...Basically, my first 2 deals were home runs, meaning after the renovations we more than doubled our inItIal Imveatment.Purcjase prIce on house 1 was 24k, +6k In remIbatIons whIch I funded wIth cash. we refIed that one for 70k whIch resulted In mt InItIal onbeatment comong back plus an extra 30k or so.

After running the numbers again, it didn’t make sense.We’re switching strategy to house hacking with FHA and will look for a small multi-unit in LA :) Thanks again!!

I'm interested in flipping too, but I've always preferred the long term hold strategy to building equity, and ultimately retirement wealth.

I and WE NEED to figure out some strategies to help those involved and hurting.

After that, I could see what my economic situation is and then assess what steps to go with and what strategies are the best.

What are some good strategies to get accurate utility costs, vacancy rates, and insurance estimates so that you can calculate NOI and cash flow to take to the bank for loan approval?

Hello all, I'm interested in using the master lease option strategy in the Springfield, MA market but I have no experience with using it.

I think you have a few things confused because your base understanding is fuzzy.The L/O strategy involves 3 separate contracts.  1) Lease, 2)Option to Buy, 3) Purchase agreement.Here are some critical points to follow, and are not changeable or negotiable:1)  The Lease and the Option are NEVER to refer to each other and NEVER be combined into one contract...NEVER, EVER.2)  Never, EVER give any credits from rent towards the purchase. 

What strategies have you used to avoid raising rents or contributing to gentrification?

I am an obsessive type as you can tell, I like to answer my own questions through research in order to avoid looking stupid or lazy so I am really here for whoever can give me some solid advice.I began to dive into the BRRRR strategy and thought that was going to be my thing but like many beginners when I heard about wholesaling I became very interested.