Purchase price: $65,000 Cash invested: $11,000 Our first investment has been a long time coming.

Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

That's why mature investors with long positions like Boston while places like Brockton and Holyoke are more affordable.

It's been a while but I've read David Green's BRRR and Long Distance books.I'm interested in small single-family BRRR investments.

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.

Hey @Jerry Nogueras - I was in your shoes too, born in NYC, and lived between there and Long Island. 

But a lot of other folks are fine doing them as long as they are strictly arms length. 

the majority of even my national users are looking to keep cash in reserve and as such are looking to landlords to finance that TIA as additional rent at a return premium and then that extra rent bakes off in whatever term is negotiated. 

To make a long story short.