Starting small is okay; it's all about gaining experience and building from there.Networking is also super valuable, so get involved in local groups or forums (other than BiggerPockets).

Also, when considering purchases versus refis, do you have specific criteria that help you feel more comfortable with the level of risk involved?

There’s no town involvement when it comes to condo conversions.

No bank involved just yet.

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?

Here’s a breakdown of how the BRRR method works and why it could be a game-changer for your investing journey.1.

Bought at $126K, as-is value $165K, and updated value $265K - that sounds a very low margin given the risk involved here. curious how it turns out so far 

This idea involves not taking control of a property, but instead, helping existing beach home owners sell shares in their own properties.

maybe talk to some lenders and see what options you have.unfortunately i think the active methods take a lot of time, and the passive methods take a lot of capital.for example - on the active side - BRRRR is a really great but really difficult method. 

Hi Patty - it depends on type of accounting method you use. if you are using cash method accounting, you can capitalize and claim in 2024.If you follow accrual basis, you record in a year when service is completed.Hope it clarifies.