Hello BP,

I am looking into many different investment properties for my very first buy. How do I determine whether or not I should buy and flip or an investment property?

My personal opinion is (I want to build long...

Any thoughts on going this route versus just establishing the LLC on Legalzoom for half the cost?

Stabilized is usually when all repairs are done and it is almost full minus market vacancy averages.8925 X 12 =107,100 a yearIn fully stabilized older buildings operating costs ( vacancy, management, ongoing repairs, taxes, insurance,etc.) tend to be close to 50% if tenant pays utilities.

3 Reasons Note Investors succeed:1) They invest in their education and training on an ONGOING basis2) They do massive outreach to peers and sellers on an ONGOING basis3) They put systems in place so they buy right and create the desired cashflow from their buysCan anyone contribute to this list?

As they move up the net worth ladder investors tend to want less headaches and move into higher quality assets where ongoing cash flow is a little less but long term equity growth prospects are high.There is generally not demand for low income areas except for investor buyers searching for yield to deal with a headache versus ultra high quality areas where investors will usually pay  a premium to a seller to own in an area.

I am lucky enough that my wife is involved as well, I get to hear all the details and the ongoing city plans, discussions, and new businesses and investors coming into town.

Any tips/advice on going through NACA in the Milwaukee region? 

How can I break through this ongoing approach of trying to get me to out-bid myself?

@Matt Smith Hey Matt, A few items here: You can always offer the 80% of the listed priceThere is already meat on the beat, it is the $500 less than what you're paying right now, and YOU (no, sorry TENANT) is paying down your mortgageDuplexes are hard to come buy in your area [you found one of the unicorns-this is a sign lol] One item to watch is the number of rooms and bathrooms, which could increase your ongoing maintenance expenses, but you already have some capital set aside so you've got that covered too-you're rock n rollin!

Wanted to know how much the on-going cost would be and how much the on-going fees would be.