Research local market rates to set competitive rents, and consider offering utilities or furnishings to attract tenants.

If money’s the issue (which is highly likely), you could offer to cover the advertising costs upfront, if possible,  and adjust their commission by that amount.

They offer interest-only loans, don't charge for appraisals unless the deal actually closes, and have great customer service (they actually close on time unlike some of the lenders my clients have chosen against my advice over the years who ask for my time for underwriting the day before closing).

Keep in mind the brokerage that just offers low desk fees and a nice office doesn't have a direct correlation to the training you will receive and value you will get for the cap you are paying.

You have to analyze a bunch, so when the right one does pop up you'll be confident in making an offer. 6.

These properties offer incredible potential, but I’d love to learn from other investor experiences to better guide my clients and partners.

Both strategies offer valuable lessons, but the last thing you want is for a beginner to overleverage themselves and take on more than they can handle.

While Wyoming LLCs offer anonymity and tax benefits, you’d still need to register it in Alabama and California, adding costs and complexity.If you are not flipping properties, there is no need for Rehab LLC.This post does not create a CPA-Client relationship.

The good news - there are plenty of family-friendly neighborhoods between St Paul and S Mpls which offer decent opportunities for a househacker - you just need to know where to look, what to avoid, and where the opportunities are (undervalued properties, under rented units, value-add opportunities).

With consistent rental income and a strong potential for future appreciation, this property offers a reliable addition to any portfolio.