Find out How I Use Teamwork to Actually Make the Dreamwork!!
I Bought a House 900 Miles Away… and It Was Rented Before I Even Closed!
Imagine locking in a cash-flowing rental property before the ink dries at closing — and doing it all from 900 miles away. That’s exactly what happened with my most recent purchase, and I’m excited to share the details with you.
This deal wasn’t just good — it was financial-freedom-level good. Let me break it down.
The Deal: Bought from a Wholesaler for $24K
I found this gem through a wholesaler. It was a small single-family home located in a C-class neighborhood — not the fanciest, but steady and reliable for rental income.
The purchase price? Just $24,000.
I never physically stepped foot in this home during the process.
How Did I Buy It Remotely?
Enter my property manager — my boots on the ground. She:
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Walked the entire property for me
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Took videos of every room, nook, and cranny
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Checked the water, electricity, roof, plumbing, structure — the essentials
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Gave me honest feedback about the neighborhood and rent potential
Thanks to her due diligence, I moved forward with confidence… from 900 miles away.
Light Cosmetic Work + Fast Turnaround
Once under contract, I budgeted for some cosmetic updates — basic touch-ups, fresh paint, some minor fixes — totaling around $2,000.
Nothing major. But enough to make it rent-ready.
Rented Before I Even Closed
Yes, you read that right. Before the closing paperwork was finalized, my property manager had already secured a qualified tenant at $725/month.
That’s the power of having a great team and buying right.
The Numbers
Let’s break down the real math behind this deal:
Purchase Price: $24,000
Closing Costs: $1,484
Cosmetic Repairs: $2,000
Total Investment: $27,484
Monthly Expenses
| Category | Amount |
|---|---|
| Rent | $725 |
| Property Taxes | ~$42/month (≈ $500/year) |
| Insurance | ~$58/month (≈ $700/year) |
| Property Management (10%) | $72.50 |
| Repairs/Reserves | ~$50 |
| Total Monthly Expenses | ~$222.50 |
Monthly Cash Flow
$725 Rent – $222.50 Expenses = $502.50 in Monthly Cash Flow
Annual Cash Flow
$502.50 x 12 months = $6,030/year in Net Cash Flow
ROI (Return on Investment)
Annual Cash Flow: $6,030
Total Investment: $27,484
ROI = (6,030 / 27,484) x 100 = ~21.94%
That’s nearly 22% annual ROI on a low-stress, low-cost rental. And the best part? It’s already rented and self-sustaining.
The Strategy: Base Hits for the Win
This isn’t a flashy flip. It’s a solid buy-and-hold.
It pays for itself. It appreciates slowly. And it deposits over $500/month into my account. It’s a base hit — and stacking enough base hits like this can lead to financial freedom faster than you ever thought possible.
Are YOU Ready to Be a Real Estate Investor?
You don’t need to be a millionaire. You don’t need perfect credit. You just need knowledge, support, and a game plan.
Not sure if you’re ready yet? Let’s figure that out together.
Check out my free resource:
Am I Built for This? Course
It’ll help you answer that question and give you the roadmap you need to get started.
This is your sign. You don’t have to be rich to start — you just have to start smart.
Let’s build wealth, one rental at a time.
