Purchase price: $425,000 Cash invested: $5,000 ell after just 6 months of owning.

As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

Fantastic to hear that you were able to navigate the challenging purchase.

We are considering the following options:-I purchase the property from my aunt – Perhaps we can do seller financing to reduce fees?

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

Purchased as an asset sale in October 2019 as a buy/hold investment.

Is it better to have a willing seller and buyer before sending the initial purchase/sale agreement?

When I first started out I purchased everything with 20% down and had enough available much through credit cards which can be problematic also to withstand a few months of vacancy or a $10k repair.

So, factor that into your thinking about whether its the right choice for you. 4.

They completely wasted my time due to lack of knowledge and organization to my file; then changed their offer as if I had no other choice but to take it.