Dear BP members,The tenant rented my room with furnishing $850 (I bought the brand new basic furniture for her before she moved in).

My friend bought it a few years back and didn't raise her rent because she's like a grandma to him and her rent alone pays his piti.  

Bought the property 41k cash, no loan, closing included.2.

I bought that house !! 

Hi everyone,I bought a property through tax sales in CA at the end of 2016.

We have very nice rentals but we bought a slum mid last year.

I bought 2 foreclosures super cheap, renovated, rented them, and then when I attempted to refinance, I was told by multiple banks that for at least a year (2 years in one case) the property would only appraise for what I paid for it.

I bought my 3 buy and hold properties cash, the benefit is speed of closing, which often means a better price and beating out competition.

Crimeso with rents basically 700 to 900 these days.. that same renter IF they wanted to be a home owner is going to look at the highest price thing they can and will not buy in most of those areas.Even though you have say a 50k home if they bought it payment would be 250 to 300 they won't do it.. they will buy the 100 to 125k home and spend the 900.. they like anyone else does not want to live in those areas as homeowners. once these neighborhoods go rental that's it the value is only as good as the rent even though we can value SFRs using cap rates.. the reality is that's exactly how they are valued in those areas.

They are buying houses that you could've bought...