The housing market across the US is moving into a Buyers' market.. this has caused many RE professionals to say that the market is not good because there are less sales... that may be true for "them" but not us as investors .. our job is to BUY "RIGHT" on DISCOUNT.. that means getting houses "On sale" ... so when sellers out number buyers ..statiscally that means at least some of them "have to sell " or are in distress .. that is who we need to focus on to WIN. Remember we make out money on the "BUY"

Hi All .. I have been a little under the weather, please introduce yourselves and head to the classroom.. give me a few days to get well and I will get out next office hours on the schedule.

I never sought out to own 50+ doors .. it literally just started with me wanting to by a home that was better and cheaper than what i was paying in rent. I used a government backed program so I can put zero down ( NACA ) & they gave us our initial renovation money on the house … fast forward 6 months later after buying a foreclosure & renovating and we had equity in the house. From that we pulled out a cash out refi and used that to buy our first rental. That rental had a total mortgage of $440 … well after 2 weeks of sweat equity and Home Depot .. I had it rented for $900 .. and I liked getting paid .. from there I was addicted.

https://www.cbsnews.com/news/us-foreclosures-homeowners-financial-strain-attom/

I made about $50 k net profit on this deal because the HUD below doesn’t show the $25 k in rehab costs. My loans shows a balance of $75k but that’s after a previous BRRR .. I actually only bought this house for $21k about 13 years ago.