This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.

As a first time buyer, I don’t think I have the skill or knowledge yet to make a purchase where I’d have to put in a lot of work- If I buy a 5 bedroom single family, I am worried that once everyone moves out, it will be hard to find people who would want to rent out a 5 bedroom as well as I’ve heard they’re harder to sell in general. - I moved to Cincinnati ~2 years ago for work so I don’t know what areas of Cincinnati are relatively safe and would be ideal for renting out in the future because ideally I would want to keep this property long term and use it as a rental property.Any suggestions would be amazing.

These remote workers, scattered across the globe from the Philippines to Egypt, offer diverse skills and language proficiencies.

Section 8 rentals are a huge opportunity in the area, and medical students/employees at the nearby hospitals are a great pool of potential tenants as well.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.

This means paying a little extra upfront to access comprehensive databases of potential buyers and sellers, sales skills, contracts, etc allowing you to expand your reach and efficiency significantly.

I don’t recommend the tile and would have reservations about someone who wasn’t skilled trying to install the wallpaper.

We both have some home repair skills, but would likely need to hire out larger work such as electrical, plumbing, roofing, siding, etc.Thanks for the help!

Recognize being the GC is work, requires strong organization skills (especially with tight timelines), decent communication skills, and design skills.I have acted as GC many times and have done well on these rehabs but I recently completed a large rehab (completed mid May).  

But, the real challenge and skill, is in recognizing future opportunity today, or creating it with value-add opportunities.