But after that - voila a beautiful house waiting for us to move into and avoid all tax.Unfortunately that was pre 2009 when you could still eliminate all tax from investment gain. 

2) A more pedestrian 5/2 that I bought as-is, no work done, and have been renting for $1K+ cashflow per month since the day I bought itBut it was really the 3rd deal I did that helped me understand the power of BRRR.ContextI'd been working on my coliving concept Willow Communities which provides beautiful, furnished coliving houses serving 40-80% AMI earners (in my market, Portland, people making as low as minimum wage, or ~$22K a year!).

Lots of people would want to rent out here.House's price on Zillow is $885.000My new mortgage that I got this passed fall (after buying off my ex husband ) is $552,000 and that included $89,000 for renovation of the basement.My new reality is that I need:$120,000 for the contractor+/-$10,000 adding AC to the house (my neighbor can do that for me )+/-$10,000 for the  basement finishesFor renting basement as  LTR I could charge $1,800/mo for (1bed + DEN beautifully finished).

BRRRR is one of the least passive RE options.Even with these warnings, a correctly executed BRRRR is a thing of beauty. 

There are some beautiful old homes near Woodward and East Point has some really nice Craftsmen houses.  

You can post pictures of a new Mercedes convertible and beautiful people having fun all over your apartment; you can chant "I feel rich" until you lose your voice and you'll NEVER SUCCEED!

Hi Everyone, my name is Erron and I'm a couple months in to discovering the big beautiful world of the BPP (Bigger Pockets Podcast) community!

My primary goals are to:1) keep our apartment, as its beautiful location and perfect2) have hospice come to our house if needed, and in the event of a death, we keep our rental under what I'm hoping to be some law that exists for "extenuating circumstances" (which I believe these are).

Beautiful, peaceful & quiet.

Free up to 1000 contacts, plus you can get free landing pages with sign-up forms and can upload all your beautiful graphics into your emails via drag and drop designer.