My agent @Jake Fugman caught wind it was about to be listed again, we got in prior to that happening and made an offer.

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

We have classes in addition that we offer. 

Airdna can provide average figures for these rates.Step 3: Identify and add the right amenities to differentiate your listing and boost occupancy.Example:I manage a 450-square-foot cottage in Sandwich, MA (Cape Cod) and offer an amenity that outshines the competition.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

We own every property we sell, and our company stabilizes them before offering them to our clients.  

Did you use a broker and did they use the Realtor Offer to Purchase and Contract?

Typically, you are not required to pay FICA taxes on the salary deferred to a Solo 401(k) in 2024.