Don't pay the current owner (higher purchase price) for the work he/she didn't do.

What is your current approach to lead generation? 

I currently work as a Pipefitter (think plumbing but on industrial steroids).

What are your current goals or challenges in real estate?

Hi Garrett, Doing a cash-out refi to pay off your current mortgage and turn it into a rental could work, especially with Atlanta’s strong rental market.

I’m considering amulti-family property in the 76104 zip code of Fort Worth, TX, and I’d love your feedback to help determine if this is a good deal.Property DetailsAsking Price: $169,999 (seller says it’s negotiable).Current Rental Income: $2,400/month (duplex is vacant).Configuration: Combination of duplex and triplex units.Some units are rented at below-market rates.The duplex and need rehab.Historical Income: Seller claims it previously brought in $5,000/month when fully occupied.ConditionBuilt in 1934, so it’s an older property.Some permits were recently pulled (e.g., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

My agent is currently finding best rates with Travelers.   

I hold a w-2 job currently and considering transitioning to holding some properties.

The current price of the house is worth about $900000.

A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.