But all well maintained with central heat and air.  5 of the 7 were vacant.

To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

You can plan to convert to a LTR as a backup or if you’re starting out only buy where you’d ultimately want and could afford to maintain as your personal vacation home if needed. 

.: But how do I access the funds or profit of LLC for personals use without "commingle business and personal funds" You maintain two accounts, one business and one personal.

Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.

That's actually why I personally moved from Portland, Oregon to Columbus Ohio - to start my full time real estate investing career.

Hi Maria,When flipping properties, cutting costs on materials can significantly boost your profit margins, however, you always want to maintain a minimum quality so my first advise on how to spend less is to plan the rehab in a way that optimizes the value return you're getting.

Even for a well-maintained SFR I would personally think more like $300-400/month, but a house with 17 people living in it there's going to be way more wear and tear.

Keep doing what you are doing and in 10-15 years (your retirement timeline) you'll have a ton of equity built up to turn into whatever cash flowing investment you want at that time (real estate or otherwise).