@Nick James @Drew Sing @Ernesto Hernandez @Gabriel Green-Lemons @Tommy Hoang @Ben Leybovich @Jonathan James Look-Tyler

I am sure David Greene will steal these to use on future podcasts. 

It will be much cheaper than the lost rent, vacancy, and turnover costs you'll eat if you get this wrong. 2.

Although, after all is said and done tax-wise, gifts of $14k from each grandparent to each new owner (so 8 gifts per year in total, or $112k) would eat up the proceeds from the sale pretty quickly.

HML fees eating a hole in your pocket?

Even one basic rehab, clean up, missed rent is probably gonna eat that profit pretty quick.... you aren't talking a big jump in profit for a 4 unit....Do you want these people gone anyway?

I'm 23 years old and don't have much experience, but I've read several books, most recently David Greene's BRRRR book, and have a real passion for the industry.

.$2400 in the green after making the housing payment is actually a lot BETTER than most traditional 'house hackers' do on year 1, and since most students are going into debt to go to school, I came out ahead relative to them too.

*Real estate isn't a get-rich-quick scheme, it's a get-rich-slow method: On almost every BiggerPockets podcast David Greene (aka Sir BRRRR) says the same thing.

Purchase price: $900,000 Cash invested: $240,000 Sale price: $1,795,000 Contributors: Megan Halter This meticulously remodeled craftsman gem sits in the heart of Green Lake!