According to your example above, you are making plenty of money and if you follow that rule, you are going to miss out on a $100,000+ profit because some Real Estate Guru wanted to sell a book.

Reading the tiny print on my iPhone I missed the part about being handwritten.

I am a very new member and have found a quadraplex that I may be interested in. This is a homepath +Renovation property

Tax Appraisal Value $165000

List Price $104,000

5% down required $4880

...

on this evening, at 9 eastern I believe.Pat, I never realized how much Kennedy was thought of internationally until I went to Germany. 10 years later I would be out in public and Germans would come up to me and bring up the assassination telling me how they missed him and how sorry they were as if I had been related to him being an American.

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.You may also enjoy this post, about multifamily properties: How to Buy a Small MultiFamily Property: A Step by Step Case StudyOh - and be sure to set up some Keyword Alerts- especially for "Plainfield" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

But they missed competitors who snuck up on them.

You are also missing one other possible option.

(This assumes cash purchase.)Net cash flow $309/monthSo am I missing something?

Looks like I may have missed the boat on fourplexes (2011-2012 would have been nicer than what I'm seeing now).

Over the years it really boosts your access to credit and, ironically, your credit score as your revolving line % goes down.The biggest thing to do is always make sure you never miss a payment.