Yeah so basically it is listed at a 7% cap rate which is not an unreasonable list price if cap rates in the area are 8%, especially with the ability to unlock more value in raising the rents.

Hi! I'm based outside of the U.S and in November I will own my first rental property in the U.S. It'll be in Ohio. The property will cost me ca. 60,000 USD and will bring in 6K net annually in cashflow.I will purchase...

@Mitch Foster check out the weekly webinars @Brandon Turner puts on too (or if you upgrade to pro, you can access the entire webinar archive)... but he shows you how to evaluate deals from start to finish, how to unlock bank financing, marketing for real estate.. and a whole lot more!

I have a back door of a rental unit that has a large glass section (as seen below); and I wonder if I am potentially liable on either side if...1) Someone just breaks the glass, reaches in, easily unlocks the deadbolt from the other side, opens the door, walks in - and cleans out the place...2) Or to prevent this, I put a deadbolt on the door that is keyed on both sides, but then there's a fire and the door cannot be opened for escape without a key!

I am working how to utilize these funds (self directed account), find and evaluate properties in the local area, and see what I can come up with for, preferably, a BRRRR.Getting the initial capital, or unlocking potential capital seems to be the hardest part to me.

On top of that, I have a bunch of properties that have a lot of equity in them, but I'm having a hard time unlocking it.

You might want to consider letting fellow investors contact you by unlocking your contact info in your profile.

That being said, I've found plenty of ways to discover and unlock equity during all market stages that are not well known.

For our building they can leave the door unlocked although I prefer they don't  or just go let someone in.

You need the bank to recognize your increased value so you can unlock the equity...or you'll need to sell if the bank doesn't want to play ball.