Even with high costs, strategic investing (e.g., focusing on markets with strong demand or finding value-add opportunities) can yield long-term wealth.It really comes down to your goals.

Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?

Sharing experiences and pooling knowledge might uncover creative solutions you hadn’t considered.While it’s frustrating to feel unprotected, focus on taking strategic, proactive steps.

You've got some very nice strategic moves to look at over the next year.

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

A strong agent who invests can help analyze deals, run comps, get rents, help you explore multiple investing strategies, strategize offers and negotiate best prices/concessions/ repairs. 

Absolutely, creating a baseline business plan is a crucial step when starting in real estate (or any field) because it provides clarity, direction, and a strategic foundation for your efforts. 

Start small with one property, choose a strategic location, stay transparent with lenders, and ensure tax compliance.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.