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Updated about 6 years ago,
First time BRRR & landlord advice.. teach me!
My fiance and I just closed on our first rental property this week outside of Richmond, Virginia. There’s a bit of renovation to be done before we get a tenant. Our goal is to finish renovations in the next 4-6 weeks and get a tenant in.
We are doing a majority of it ourselves, besides things like electrical upgrade and a new HVAC system.
What advice can you give a first time landlord!? What did you do wrong? What have you learned? What are some great successes that have made you money? Teach me everything!
I have read books, read articles, listened to podcasts, and done a ton of research for over a year. But I’d love to learn from others’ experiences! Any newbie tricks that have helped you be a successful landlord.. tell me!