Would you suggest working with an agent to start, or focus on other marketing channels (driving for dollars, mailers, pre-forclosures, etc.)?

Hey Guys and Gals!This is my first post on BP after watching so many videos. I've heard about how helpful the forums are and wanted to try posting my situation on here for some tips and guidance.I'm just starting my i...

The problem with inheriting tenants, like Sarah says below, is that you really don't know if they are paying or not.Yes, you can vet them and even get rent rolls, bank statements, etc.

This sounds like a pre-existing defect so you will have to review your insurance policy but I am guessing there will be an exclusion.

If you are also living below your means, saving, and reinvesting after tax dollars you can get the ball rolling faster.Nothing ruins an investing career faster than a surprise $20,000 CapEx bill to a new investor who has $2,000 in the bank and just spent every penny they have on a high risk property. 

I have a RE LLC with each property in an RPT.I own 3 LTR SFHs in North FL that I acquired pre/during-COVID.

A few things I do personally for clients is: create a P&L, market to my buyers list, pre-market the property online where the target audience is, and make a plan for bookings and the booking calendar to minimize losses while up for sale and operating simultaneously.  

It's a slow and steady journey of sacrifice, living below your means, delayed gratification, and just getting the snowball rolling down the hill.

Pre-1976 mobile homes are rarely financeable because they cannot be insured.I saw that you are also based out of Tampa.

Constantly it's "of, I had only ___ back when", and how much today sucks. people said that in pre-08 when all you needed to do was fog a mirror to get any $ you wanted, and after 08 when you could get a house for less then a car, it's always how great people had it back when and how impossible today is.