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Updated 5 months ago on . Most recent reply
beginner mistakes to avoid
Hi everyone, I was wondering if anyone has some common mistakes to avoid when first starting out in long term multi-family rentals. I am currently looking at a multi-family foreclosure that needs about 60K in repairs, the numbers look good in the rental estimate calculator. Any suggestions on what things to look out for, and or questions to ask contractors and inspectors would be greatly appreciated.
Thank you!
Most Popular Reply
Nicholas L.
#4 Starting Out Contributor
Pro Member
#4 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
- 4,041
- Votes |
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Nicholas L.
#4 Starting Out Contributor
Pro Member
#4 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
don't buy something out of state that you haven't personally seen
don't start with a major rehab
don't trust spreadsheet math
start with a house hack