Closed on our 9th property

[Paul Lucenti]

We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890. 

HCV in the area pays $2,200. Fully renovated property all new untilities it seems like a grand slam deal. 

We're hoping to be able to only have 1-2 months of vacancy so we can turn it and keep the train going. 

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes. 

Any tips on creative ways to scale? 

Thank you all in advance 

[Stuart Udis]

@Nathan Gesner It's no use helping here. Paul has started at least 3 separate threads in the past few days announcing to the world the success he's having with section 8 rentals and repeatedly reminds us he doesn't have a clue how to calculate the true operational costs associated with these properties. 

Multiple people including myself have tried to caution him of the the true costs but he's been repeatedly dismissive and has made it clear we give him motivation and he wants to prove us all wrong (whatever that means). The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K. There is no way to absorb the costs of properly renovating a home in its entirety when you are dealing with $115K assets. I anticipate serious cap ex expenditures coming his way. Truthfully horrified that this is an individual who wants to raise capital from others "to scale" after owning section 8 rentals for 2 years.