my realtor and I had brainstormed the I Idea about 6 months ago and started to implement in the spring time.

You are taking a great initial step to educating yourself about real estate and working toward implementing what could be a life-long income strategy.

I am relatively new to this and want to implement the BRRRR strategy to buy rental properties and build a portfolio.

State regulators are well positioned, as the regulatory authorities of these institutions and as regulators with experience and responsibility for a diverse range of depository and non-depository financial services providers, to design and implement a comprehensive prudential regulatory framework for non- bank mortgage servicers.

They will come out for a consultation, and you can either hire them to do the work that they recommend, or just pay for their ideas and implement yourself.

. , I had a similar issue on a 100 years old house too.in my case i resolved by improving a badly designed/implemented gutter system (all the rain water was just dumping over the walls, soaking into them then getting into the basement) and diverting that water away from the house. 2xprimer + 2x good paint.maybe this is the case here.if you don't want the hassle of getting rid of the existing tenants, vacancy and finding other (hopefully) better suited tenants, maybe first you can just paint the place inside and outside and resolve any safety issues (rails). what did you repair to the place?

In short, I would say that your commitment level should determine what strategy(ies) you decide to implement. - Jeff

Listen to this episode of the Flip King Podcast to hear Joe Evangelisti expand this idea and give you practical suggestions for how to implement the power of “WHAT” in your life and business.The “WHEN” question has a very simple answer…and the answer is “NOW!”

This strategy should also protect the downside a little better by offering a larger pool of buyers in the future.The way we try to claw back the cahsflow/equity is by targeting short sales or wholesale deals that may require rehab but are priced well below market value.We are not reinventing the wheel, simply implementing a tried and tested method.

Not only will it help in the liability aspect, but it's a best practice that should be implemented going forward.