Rehabber, Landlord, Marketing, Wholesaling

[Travispassiveinc]

Try to buy rentals in places where you could live. The nicer the home you get the lower your maintenance costs, the more you appreciate, and the less of a hassle it can be. Remember you need to make your money when you buy.

So true!


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[Ryan D.]

So true!


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BUT at the same time you have to still cashflow. I see people buy properties that if they really run the #'s are a negative cashflow property. The best way to do that is rehabbing trashed homes. You get a great deal and are left with built in equity. Plus you cashflow. I've seen people rent out 150k homes for 900 thinking that's great because it covers the mortgage. Yet they're losing money every single month.