..my favorite part of this deal is all the wins. Everyone involved from beginning to end got what they needed and wanted out of it, and it is a great demonstration of how when investors buy or flip properties, the community as a whole wins..

…It had been on the market for a little while and quite honestly they were asking full retail for it. The only feature that drew us in was the description in the listing said that it was occupied and rented for $1850/mo! We ran our initial analysis and realized it was a huge cash cow!

“This dumpy 5 bedroom house hit the market, listed at $50,000. We were a little early for our showing so we swung by to take a look. It was everything you want in an investment property!… Kinda.”

…Unless of course our dream is to simply have a steady job that pays the bills and 2 weeks of vacation time a year. So was that as far as we were willing to dream? Was that the best that we could do? We thought not. What we thought was success all along in our minds started to shift to something else. It didn’t happen overnight, but this concept started consuming us and we started dreaming bigger…

When we looked at the house we immediately realized it would be the perfect live-in flip. The distressed nature of the seller meant we could buy it with equity in place…And most importantly the house was plain and ugly and out dated, BUT it was functional so we were confident that a VA appraiser wouldn’t have many, if any, mandatory repairs.

We don’t claim to be experts at real estate, but after doing some deals, We’ve decided to share some things we’ve learned along the way. It has been said, “Fail early, fail often, and fail forward.” Our first deal, a long distance flip, was in a place we had never been and we knew no one there. We failed a lot, but we learned a ton. If you’re just getting started in real estate, feel free to learn from our many mistakes so you don’t have to learn the hard way. If you’re a veteran in the real estate game, feel free to get a chuckle at our expense.

“the real key to being able to retire, and retire early, is to live below your means, save the rest and invest it in real estate. If they could do it, we could too.”