So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way.

I am wondering if anyone invests in this area can provide me with some referrals?

Here are my top 5 tips for starting the new year off right!

Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.

While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

You can do this too! 

📱 Insider tips and tricks on using the highest-rated app for real estate investors to discover hidden gems.Proof It Works:Participants from past campaigns have uncovered deals they never thought possible, often within just days of implementing these strategies.