Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

My budget is less than 75k. 

I budgeted knowing I was going to have my work cut out for me.

The boys anyway just need a few tiny or mobile homes with a couple shops they can work on their cars, trucks and motorbikes. 

Can I write off BOTH the moving truck that I will hire AND my entire cross-country road trip (hotels, meals, supplies, etc.) to get my car there?

Full metal stairs are always an option but that would completely blow the budget which already has a razor thin margin. 

By doing some of the work, you can stretch your budget to cover more improvements, thereby boosting the property’s market value and monthly rents.Tips for Building Your DIY SkillsStart Small: Begin with simple projects, like fixing a leaky faucet or installing a new light fixture.

From there you should have a much better perspective as to what parts of the city make sense for your budget & risk tolerance. 

Despite the home not being in terrible condition, they left a bunch of trash and old furniture behind.We knew that if we could keep the renovation budget at $40k, we could keep the sales price under $300k.

We like to provide owners with different options for updating/renovating so that they can stay within an investors budget.