Your first deal will set the tone for your investing journey, so:•Make sure you’re getting good guidance.

Most of the homes come with a one or two year warranty so we set it up so that they can communicate with the builder directly to handle maintenance issues.- Taxes are usually much lower the first year. 

Two weeks later, the client locked down a deal that appraised well above their initial projections.If you’re serious about pushing your boundaries..maybe setting your sights on Chicago’s undervalued neighborhoods or San Antonio’s quieter pockets..let’s talk.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Once you've been preapproved, you can find an investor-focused agent in your market that will set you up with an email list of properties that match your criteria. 

In STR common markets like Gatlinburg this naturally adjusts itself as most homes are STRs so the entire market lifts to meet their cap rates, and they appraise on those cap rates in spirit, even if not technically. 

For me, I would fix it now so its one less thing i have to worry about - but if the $25k would set you back a lot, then many would wait.

Start by analyzing deals, setting clear goals, and building a strong network.

After the property is acquired, during any 30-month period, the additions to the basis need to exceed the adjusted basis at the start of the 30-month period.What is the 50% of gross income test?

Mine set under the below types.