I've got a foreclosure through a Sheriff's sale that I'm interested in. Mostly to learn the ropes more, but I'm interested in pursuing it at auction.The foreclosure amount is $22K.I did some research, got the property...

Just be sure to talk with your relatives and do your homework on specific locations.

Good morning BP community! First, thank you BP for being such a great resource and forum; this is my first ever post on BP despite having first signed up in 2013/2014 timeframe and then left the community because work...

I am one of those guys who didn't do the homework and bought without setting foot in the city or seeing much of the property...although I will say that the real estate agent gave us a live video tour of the place and we liked what we saw.  

2 SFH remain. Rents at 1400/1500 mo.4% notes. Balance remaining 50k ea. Value 300/320k. Bought for 70/100k app 20 years ago. Refinanced, 10-12 years ago, cash out, lower rate. Payments are 900/mo mortgages total for ...

I thought I was done with homework but looks I need to be an expert in AA (not the one I attended in my 20's :0) and now SORR. 

That said, here's what I've learned actually moves the needle:A deal with a margin of safety (low LTV, realistic numbers)A borrower they trust (experience or credibility signals)A clear path to getting paid back (exit + backup exit)Professional presentation (you've done the homework)Fair terms (they're taking risk—make it worth their while)Nail those five, and the conversation gets a lot easier.1.

The math today is simple: liquidity = safety, leverage = growth — blend both and you accelerate without overextending.

I figured it out.line 18 includes the extra cash I put up for the new propertythe math is mathingtaxes are generally easy, no need to pay someond

I know there's great free tools out there, but I wanted to build my own BRRRR model so I'm very familiar with the underlying math, plus I also just enjoy the process.