We needed a larger home for our family, that would be functional for multi-generational living with our kids and our parents.This is our forever home family compound, so we have no intention to sell and hope to continue improving and creating new streams of income from the property.How did you find this deal and how did you negotiate it?

We purchased for $95K, we put about $50K into it, it's currently rented for $2500/monthHouse 2: We purchased for $95K, we put about $80K into it, it's currently rented for $3500/monthCurrently working on finishing the rehabs for the remaining two houses.This is our forever home family compound, so we have no intention to sell and hope to continue improving and creating new streams of income from the property.

Market cycles and long-term perspectives will continue, but local investors can build generational wealth by adapting strategies, being patient, leveraging smart financing, and focusing on long-term wealth-building.

Looking forward to BP's continued podcast success with awesome guests, Mindy!

Real estate is one of the few investments that allows us to take today’s effort and turn it into long-term gains that can continue even when we're no longer actively working.That’s why I buy investment properties.

Additionally, most states have continuing eduction requirements, so you'll have to invest time to keep your license.How much will you have to save in commissions, or actually earn in commissions, to make it worthwhile?

I want to continue renting it out, does anyone have a lease agreement for renting out a garage?!

In Jacksonville, the market continues to be strong in 2024, with some cooling off after surging activities of previous years.

Of course it would vary depending on the property.I'd love to continue to invest in the Madison area as I've worked in the industry here for over 5 years.

With regard to the contractor, you want to give proper notice for when the contractor will come to do work and that depends on your state's laws and also your lease.If you give proper notice and the tenant refuses entry, then I would talk to the tenant and explain to them that they are violating the lease and could be evicted if this continues.