All Forum Posts by: Derrick Craig

@Patrick Yungck

I suggest starting in your own back yard finding good deals/fixer uppers or already rehabbed and turning them into cashflow machines with great tenants for long term buy and holds. I started with $10k in Memphis to invest with, you should be just fine in Glen Carbon with $70k to invest with.

@Ben Durwood has the formula I used buy low fix up refinance and leverage the equity to buy and hold more cashflowing properties. I know Easy to say but Hard to do if you have never done it.

As Warren Buffet said "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."

Good luck investing you will be just fine!!

Derrick

Welcome @Bob Lanzrath

and @Marc Seidenstein

Happy investing !!!

Welcome @Rick Baker

You are in the right place

Welcome @Mathias B.

Welcome to BP @Krysti Sam

Memphis has some great deals, Atlanta has some really good deals, Ohio, Dallas, Chicago, and Indy all have solid deals with the criteria that you are looking for. Make sure you do your due diligence in any out of state investment.

Good luck investing

Welcome to BP!!

Welcome to BP!!

I agree with @Steve Babiak

He is totally correct!!! Sec 8 is only a housing voucher. Nothing you can really do about this one but not rent to the people with vouchers.

Welcome to BP!!

Welcome to the site @Tra Hammond

Going after tax sales are really hit or miss because after you purchase the property at tax sales the property's owners have up to a year to pay you back the taxes plus interest on the property and you are still left with out a property to flip. Sometimes you may get lucky!!! Where there is a will there is a WAY!!

Good Luck!!