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.

The economy is tough right now , make sure you stay on top of your tenants , in making sure they make rent a priority vs other things. We can help and work with them but we Should Not be subsidizing their lives .. that’s not our job. If your tenet don’t pay last month, under no circumstances can they get 2 months behind.. file early and start the eviction click if they are not communicating with you… More tips in the property management class

Shout out to @Claude Thomas for completely renovating his inherited property and getting his first tenant .. great job 👏🏾

investing in Houston requires a knowledge of flooding and water drainage.. I saw this video on line and thought this crew did a fantastic job of installing a water drainage system .. the well typically isn’t required but i thought it was cool. https://www.instagram.com/reel/DWKWfViCIcj/?igsh=ZDE2d2Y4N2ZtdDFk

I spend this property as a rental for 13 years ..originally bought it for $21k .. yes that’s right .. been renting it for $1250 .. did a BRRR twice and finally renovated to sell .. to repurpose the funds into something else. https://s.hartech.io/t9F6RfhJnkj