An absolute auction is a type of auction where the property or item is sold to the highest qualified bidder without any limiting conditions or minimum price requirements.

Quote from @Heidi Christensen: What documents do you absolutely insist on when structuring a seller-finance deal?

@AJ LongoShort answer - no.Longer answer - it depends, but... almost definitely no.A lot of new investors have done exactly this, gotten absolutely crushed because they bought the wrong property or in the wrong area, and had to spend tons of money to fix it, or sell.You just can't be hands-on and take extreme ownership when you're that far away.So - is losing tens of thousands of dollars "worth it" to... what, have "done a deal?"

Rents for that neighborhood are $1500-$1600, maybe $1700 absolute tops on a good day.

BRRRR is a cute term, but after doing some major rehabs, I'll tell you what it really is - you are buying an absolute mess of a property.

I am a balance sheet lender and when I lend my funds to a borrower I do not pay to report to the credit agencies but does that means absolutely nothing. 

I'd suggest you do a live in BRRRR on a multifamily if you are able, that's the absolute best way to get going with the lowest risk and highest COC ROI. 

You’re absolutely right strategies like BRRRR and DSCR can really unlock growth when structured properly, and I love helping investors set themselves up for long-term scalability.Looking forward to sharing what I know, learning from everyone here, and building strong connections that create real value for the community!

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

They are absolutely worth the cost