Browards townhomes and condos market – a blend of dreams and ambitions – spread its wings in February 2024.While numbers may appear as figures, on paper they narrate a tale of resilience, growth and the unwavering spirit that defines Broward.Despite a decrease of 2.0%, in completed sales compared to the year Browards real estate market continues to offer promising opportunities.Cash, the element in transactions was readily available with 58.2% of purchases made in cash highlighting the confidence and security that defines Browards real estate landscape.The median selling price, a sign of prosperity stood firm at $290,000 marking a 6.6% increase from the year.

Initially, I wanted to house hack this property but with the 4 units breaking even with their rents, on paper living there for free wouldn’t be an option.

I currently own 15 rentals with no debt and plan to hold paper.  

Hi Laura, I have done a few deals with family and friends, and the Most important piece to this deal is ensuring that whichever direction you move in is clearly explained to all parties, written down on paper (preferrably with an attorney) and signed off on by all parties. 

He doesn't want to use a bank because of the paper work and qualifying he says.

these properties look great on paper, and the purchase prices can be appealing to someone in a HCOL area like CA... but they often need lots of work. 

Claim paper losses from your business.#6.

Not property that cash flows well on paper.  

If you can get them to sit down and figure out the actual losses they will take on paper, maybe it will sink in.

@Nora Lugounfortunately it's difficult to just "get a mentor" - I'd go to some local REIA meetings and network.here's some good reading before you buy a random property in Memphis because it looks good on paper.