I am wondering if he should just keep it and power wash it or change to white .

Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.

Purchase price: $205,000 Cash invested: $27,112 Bought for $205,000 in the Maine-Endwell school districtMonthly rent (pro forma with 3 month stabilization) $4,800Taxes: $9,238Insurance: $2,642Gas/electric: $0 Water/sewer: $2,451Total expenses: $14,280 I used a conventional 10% down.

A 1920s home with new plumbing, updated electric, and a new furnace might be in a better position than something from the 1990s.

Having them each inherit a duplex is a powerful way to set them up for financial success while maintaining cash flow for your future retirement.Overall, your plan is ambitious but entirely achievable.

Quote from @Teddy Mao: Read a few books on real estate investing to learn the power of leverage.

The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026.”I don’t have a crystal ball here… but logic suggests as rates dip into the lower 6s, and then 5s, potentially into the upper 4s, buyer power will increase.

They could afford their own 1-bdrm apartment, plus electric, heat, cable, snow-clearing, etc.

I believe in the power of networking and collaboration, which is why I am eager to connect with fellow members here on BiggerPockets.In addition to my work in real estate, I am committed to continuous learning and professional development.

This isn't solely a Philadelphia problem, but it's exasperated by the amount of power and influence City Council members have over their districts.