Also, the incredibly low interest rates and low yearly property taxes (depending on your location) help a bit on the cash flow end.From my understanding, opportunities exist in different cities in Spain, especially when considering distressed properties outside of inflated metropolitan areas (not to mention the alternative ways of acquiring property like judicial auctions, cash purchases, etc.). 

Hi all - I have a 4 unit building in St. Paul, Minnesota. I'm considering renovating part of the basement to add another unit, effectively converting it to a 5 unit building. Wondering if anyone has ever weighed the p...

Typically before the land is purchased, I advise buyers to perform all of the due diligence starting with the zoning and development code to know what is even possible within the confines of the existing zoning with the city/county.

Proof of what the seller cares about exists in every transaction where the seller provides a concession to assist their buyers with their closing costs.Example 1, the Old way:Buyer offers $100k, seller pays 6%, seller nets $94k.

The same can be said for investment properties in other locations… We can even make the argument that profits and cash flow in ANY business are limited in the first few years of operation.Aside from a small or non-existent return on investment over the first 3 years, competition is another challenge in Astoria.As illustrated in our “Days on Market” graph, demand seems to be stronger than last year.

It's also not a good idea to count tenants or income that not yet exist. 

Thanks, SteveI'm more concerned about the possibility of active termites than the cost to repair existing damage.

In fact, even if the property were to appreciate to the point where a favorable refinance event existed for @Eli Jerman I would most likely still advise against re-titling the property in an LLC.

Aside from that, rate/terms are good for refinancing any existing debt quickly, but for the BRRRR strategy to work well you really want to go with the cash-out options so that you leave with funds for your next property's downpayment.

First I would go to the Building Dept and see if the existing garage is allowed to be converted.