It's a complex process and there are a lot of unknowns for a first time investor.

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

@John Clark This could take another year depending on how long the foreclosure process takes around here.

Hello everyone,I'm exploring the idea of integrating an AI chatbot into my real estate business to enhance client interactions and streamline processes.

Otherwise, if you prefer not to go through that process, you'll be hit with a 25% tax on your rental income, which can eat into your profits.I also recommend investing in a couple of cameras and a good smart lock for security and monitoring.

The process required coordination with local authorities and additional time and expense, but resolving it added long-term value and functionality to the property.

This costs you nothing, and it will be your first real action step in the process. 

The whole structure shifts during the process affecting walls and ceilings and roof.

*Investor-Focused Solutions: Custom loan structures that make it easier to get deals done, from seasoned pros to first-time investors.I’m passionate about helping investors simplify the loan process and make smarter financial moves.

If during the quiet title process the original owner comes up with the $5k for the taxes then she can get it back and we’re out $35k.