Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Eliminate debt, establish a budget, and save.

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

Quote from @Jed Butikofer: Quote from @Jonathan Greene:I think it's great that your plan for next year is just one investment property.

Would love to hear what you’re focused on or planning!

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

If it’s an older property or has deferred maintenance, you might want to lean toward the higher end.When it comes to CapEx (capital expenditures), planning for major replacements like roofs, HVAC systems, and appliances is key.

I’m currently house hacking and planning to buy my next property in about 6 months.

Quote from @Jaycee Greene: I am currently saving so the lower the better just for my time being Quote from @Ella Marie: Hello I'm new here and I am more than excited to get started in the real estate business.