I was also able to find my now-partner who pretty much took me under his wings and helped me accumulate my current portfolio.My strategy was simple..Each unit, or door, acquired in my buying area provides me with $150/unit/month after all expenses.

Of course, this is an acquired taste but I have grown to love the look of two-toned kitchen cabinets.

I will say, as anything in life, there is a 20/80 ratio of investor vs people getting started and acquiring information.Good luck to you!

Properties acquired for rehab and then immediate sale do not qualify for 1031 Exchange treatment. 

The owner is already mentioned he would like to get around 100k but we feel we could acquire it for around 90k.  

Morning BP,As I near the end of the coursework to acquire my PA Real Estate Salesperson License, I am starting to think about with which broker I should seek employment.

As of right now, I have a plan to acquire 3-4 fourplexes over the course of around 5 years.

Hello BP Forum'ers,I haven't posted in a while -- but wanted everyone's take on a fairly common question, but with the uniqueness of my actual numbers, figures and situationGoal -- grow passive income quickly through buy and holds -- my market is Upstate NY and I presently own 7 units total spread over 3 properties (2 doubles and one 3 unit) Initial goal was to acquire 8 units/year x 5 years all netting (before income taxes, but after my debt service payments and all other expenses) $200-250/month/unit so around 10K and month in "passive" income from 40 units.

From my experience, it's because wholesalers generally don't want to pay agent fees.Also, wholesaling depends on you acquiring the property for less than it's worth, and if you do that, the agent will receive less commission.  

If you are trying to acquire title, that's one objective.Playing the role of social worker in trying to help the family place the Brother, is another.These might be conflicting objectives if title were to pass to Brother and affect his chances of getting placed in assisted living.