Hi BP Members,I shortlisted one RE property with $350K purchase price and with good long term tenant income ($4400 PM current).

I’m under contract on my 1st property in CLE, the shaker heights area, which I’m very excited about BUT I’ve heard so many contractor horror stories.

My short term goal(s) in the next few years are to have 4-5 properties (long term), as well as a multi family home.

What type of properties are you looking to add to your BRRRR portfolio?

Property will be held in LLC.

They are very expensive typists who will fill out forms for you and give you access to MLS.A bad broker will cost you 5-10% of price, a good broker will make a property cashflow. 

Congrats on the property and tenants!

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

Quote from @Ngozi Iwunze: Hello BP community, I'm closing on a property in Downtown Cumberland Maryland.

Now you know, you need to send out 5,000 postcards to get those five deals..You will know the cost of acquiring a customer/property after all this..