- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

The building is 100 years old, but solid with regular maintenance and updates.

With that being said, what do you plan on doing different this year in your business?

I would only recommend purchasing items that fall into that vision. 

Hello everyone,
I've recently been exploring real estate as a potential career path and I'm looking for advice on the best entry-level job to gain experience and knowledge. I’ve been considering working for as a acqu...

Investment Info:

Single-family residence wholesale investment.

Purchase price: $255,000

Cash invested: $100

Sale price: $260,000

3 /1 894 sqft

What made you interested in investing in t...

Investment Info:

Single-family residence wholesale investment.

Purchase price: $255,000

Cash invested: $100

Sale price: $260,000

How did you find this deal and how did you negotiate it?
...

No one has x-ray vision to see inside walls or underground, so you should have 10-20% in contingency funds just in case. 

I have only been doing this for 5 years but what I have learnt is that it takes money to make money.  

@Alan Asriants I continue to BRRR year in and year out.