You've essentially generated $40,000 with $30,000 which has multiplied your original investment by 1.3.

Multiply them by 5% and you got about 2K ACTIVE wholesalers across the United States.And the general rule of marketing is that at any given time, 1% of the population is interested in what you're selling.So, I just did a search on Freedomsoft and in San Diego County, there are 9,782 3-bed / 2-bath Out of State Owner single family homes.

We buy detached single family homes, but you can definitely go with a town-home if that's what you'd prefer- you'd want to focus on large square footage, high bedroom count, and consider avoiding luxury features that add cost like rooftop decks unless they're important to you.Typically house hacks operate similar to a home office deduction - take your eligible, deductible expenses and multiply them by the portion of the house that is a rental (for example, if you buy a 4 bedroom town-home and live in one bedroom you could deduct approximately 75% of eligible expenses).

The reason is they know these buyers typically have some money and are trying to multiply it.

I was just asked a question via PM that I thought I should post here on this thread as it is very applicable to the topic.The question was, if the renovation costs should be estimated by taking $15 per square foot and multiplying by the number of square feet of the property.Here is my answer:"You are doing it wrong as you were advised incorrectly.

Chris Prefontaine secretly records calls of home sellers without them knowing in multiply States and PRETENDS to be a home buyer from PrePropertySolutions on behalf of his students, who have a completely separate LLC's, so that Chris Prefontaine has zero liability! 

It's the inverse of avalanche debt payoff method, but accrual.

If your estimated occupancy rate is 60% (for example), that is 219 days of the 365 available days (assuming all 365 days are available to rent), then multiply THAT by ADR.If your ADR is $200, for example, then the estimated gross rental income (GRI) would be $43,800 ($200 x 219).Here's a site that explains:  https://www.keydatadashboard.c...

Now, multiply this by 100... 100 of us have found 100 deals, made 100 improvements, and raised 100 property values. 

I did have approx. 20 properties and felt very confident with multiplying money when I cashed out my 401K.