$30K Houses
Everything is $30K houses.
That’s just the way the value is working out.
You can still buy hotels — There is a Flock of Hotels on Access The Flock right now.
You can buy a $20K house with a $1K downpayment and refinance it if it’s worth $100K to Pay The Bird Dog with.
The mortgage is Fistfuls of Cash.
Call $20K the purchase price and $100K the market value.
Even though you have a $1K downpayment the bank can appraise the property and get a market value when you refinance.
I just got a listing in Columbus, OH; Columbus, OH has all the money.
Bring me $300 a month.
Property Repairs
Buy a 5% cap rate so that the property can Renturly even though it’s an 80% discount.
I need Bird Dogs to Bring Me 80% Discount Properties.