What are some opportunities for summer?

[Jason Appel]

Hi all,

Given the uncertain times during this COVID-19 pandemic, I am trying to think of some creative strategies and opportunities on how to gain valuable experience any investing world, mainly centered about buying and holding small multi family properties.

These can be both hands on opportunities, as well as something simpler like reading and deal analysis.

If it’s something more hands on, any tips on how to go about finding these places of opportunity, or ideas on WHAT TO DO, would be greatly appreciated.

Thank you.

Stay safe,

Jason

[Filipe Pereira]

Hey @Jason Appel, 

If your goal is to house hack and you have some free time this summer, reach out to a few contractors, plumbers and / or electricians. Tell them you will work for them for free for a week. Get your feet wet in basic home repairs. That may be the number one money saving opportunity once you own your own place. 

Changing out a toilet O-ring costs $150-$200 when you call a plumber...but the part itself is like $10. That's $140-$190 worth of knowledge, every time it comes up, for the rest of your life. Great ROI.

Another good one is faucet replacements - $250 on average. Learn to do it yourself, save the $$$. 

Patching drywall...replacing outlets...door knobs... list goes on. 

Of course you can probably learn all of this on youtube if/when the time comes, but  it's just food for thought. Not sure how literal you want to take "hands on". You may also consider learning a computer trade (like SEO) where you can one day benefit from by generating your own leads.