O, Realty Income Corp.

Hey Todd welcome I’ve done over 3500 deals and BRRRR is still working if you play it smart We manage over 300 rental properties and I personally own 40 of them across this area so I can tell you firsthand it’s still possible to cash flow if you buy right rehab tight and plan your exit We’re seeing solid BRRRR opportunities in places like Beverly Hills Brandon Clearwater Dade City Gulfport Holiday Hudson Inverness Jacksonville Lakeland Land O Lakes Largo Lutz New Port Richey Ocala Odessa Pinellas Park Plant City Port Richey Sanford Seffner St Petersburg Tampa Tarpon Springs Valrico Wesley Chapel Winter Park Zephyrhills and Winter Haven If you're not afraid to put in some work on the front end the refinance will set you up nicely Happy to share what’s working for us if you want to connect

I also get intel from the Seminar circuits and the conventions as my friend is a Senior L/O for a huge Hard Money company and he gets sent everywhere for them and his lender has lots of deals with those RE bootcamps where investors learn how to BRRRR and he sits in on all the lectures and we make notes.  

Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.

I have full confidence in my agent helping me find the right REI property that fits my budget and plan, however, it has been a struggle to actually find a decent property that have positive cash flow and c-o-c return.

As soon as an item is placed into service, the lifespan of the item has started.For example if a water heater replacement is $1200 in your market and lifespan is expected to be 10 years, the water heater has maintenance/cap ex o $10/month.    2 water Heaters means $20/month.  

That's a loaded question.It depends o the state laws of the state you are talking about.Once you are "keeping things legal", getting the attention of someone in foreclosure is difficult and there is a lot of competition.

Also, check with insurance agent on your liability/E&O policies on this topic - they may have certain requirements as well. 

Btw... you said the magic words "I'm in California" and triggered the keywords "out of state" and "O-h-i-o" ...LOL 

Quote from @Jonathan O.: Hey everyone!