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Updated over 6 years ago,
Starting out in NOVA
Hello! I am currently in my research phase of starting my path into real estate investment. I am currently reading through the Beginner's guide and following along with all the resources found on there as well as talking to friends that are real estate agents. I am actively looking for a mentor but I first have a few questions (please excuse the extremely stupid questions):
- When looking at fair market rent prices on websites like Zillow, is the price per room or total combined rent?
- When walking a house, how did you start with learning repair costs?
- What are the legalities of living in a townhome and renting out the other rooms? I would consider multifamily but my area has little of these.
- Anything off the top of your head to advise a beginner in Buy & Hold?
That's it for now, I'll keep things updated as I can and this will be my first mark of the journey.
Thank you in advanced!