This is my first rehab, I'm bound to make a few mistakes.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $28,000

Cash invested: $25,000

Bought this property in the worse part of town and I have the best tenant in it of m...

When we partnered, I had already made all the mistakes and he avoided them from my experience.Gino

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Learned that one the hard way...It's really tough to nail down accurate build costs unless you have plans to get quotes but if you want to reach out, feel free and I'll give you my best guesstimate and can potentially save you from some of the mistakes I've made.  

Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

As Harry came to dominate a large segment of the NYC real property market, this became a serious costly mistake for those who Harry thought had not acted ethically. 

It's always the worst time to invest.

Worst case is the tenant has to move, but that would happen with a traditional tenant anyway.