It was a value add and we would potentially be able to make money in a flip How did you find this deal and how did you negotiate it?

Back when a close friend of mine; he’s a commercial landlord in Phoenix who once took on a quircky triplex in a tough neighborhood..decided to reshuffle his insurance setup, I saw firsthand how getting stuck in a clunky policy can really stall your forward momentum.

Hi Community,I am in a position where I can tap into the equity of my primary home to purchase a second investment property.

It's a 4 bedroom 4 bathroom house in a Auburn AL which is definitely a college town (though I do not refer to it as a student rental).

I used a LOC to build a 12 site RV park in a small town, opened it up and 1.5 mnths later, I'm full occupancy and servicing the debt (some of it at 8.75%) & cash flowing.

They would be better off paying the professional to do it quickly and correctly the few times they will need a garage door opener installed.Even though i open permits slightly regularly, when i open a permit in a new jurisdiction it typically has some unique quirks that i need to learn.  

But when the two elevators went down and we realized we were barely able to make DSCR and weren’t cash flowing enough to cover long term major maintenance and cap ex, we had to pivot into Plan B.in regard to renovating in a partially occupied building, it’s a nightmare.  

Quote from @Guillaume Vidallet: Hello,I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create my LLC in?

Sounds like this is maybe in the Wilmore area if it's in a historic district near South End.

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.