We just got started in the real estate investing world after a decade or so of Analysis Paralysis and right after the Corona Virus Meltdown took off. The plan was BUY & HOLD [but plans should be fluid]. In May 2020 aquired first house, little 2 bedroom. 7 months later, very nice updates, rented, and successfully BRRRR'd 116٪ [everything back plus $7,905]. On Memorial Day Sunday , found and bought a 3 [made into a 4] bedroom house for/ with our son at ISU to HOUSE HACK. His 3 roommates are making his house investmentSeptember came with a 2 + 2 mobile home because we couldn't find any houses that worked. Then September went crazy.... Bought a house that could have- should have been sold to the local slum lord for a 50% increase after only owning it 10 days.. That wasn't thr business model, house is COMPLETELY tore apart now. Know better now. Bought another house, big remodel plans on that, hadn't done ANYTHING with it but selling it after 6 months to a flipper that lived 600 feet from it. And also in October, started the buying process on a duplex with foundation issues AND a free adjacent vacant house I had the seller included for free. Sold the free house to my chiropractor for one thousand five hundred $$, inherited 1 tenant, put a Section 8 tenant in the other half and both sides have been cash flowing very good. Need to find more purpose built multifamily properties.
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