However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

I've been a real estate investor my entire life, doing my first deal as a senior in high school ($5,000 mobile home).

If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

It was suggested that we create an operational company that will lease rooms to individuals in recovery.

I believe in five years life will look differently. 

To deepen my understanding, I've also picked up David Greene’s book on the topic.I genuinely look forward to connecting with seasoned investors in this community and learning from their real-life experiences.

I saw this site and was so excited to be able to create a team of people to connect with for Real Estate!!!

The rental market is a fluid one and changes all the time.

To have standardized increases would either take money out of your pocket or create turnover.

That means their pricing tool is designed to price beneath the rest of the market, which drags the entire market down, especially when combined with their algorithm changes a couple years ago that made pricing (IE lower prices) the #1 factor in ranking.Even if you use an external pricing tool, it gets dragged down by the people using Airbnb's pricing.