It is very important in the types of projects you are targeting. 

Partner Driven added value to the Shalom Dr deal by investing $26,564 in targeted renovations.

I guess you would have no complaint if you still meet your target profit margins.Sometimes you take control out of necessity.

Partner Driven added value to the Turner Dr deal by investing $14,700 in targeted renovations.

It's fantastic that you have clear long-term goals to build your real estate empire and achieve financial independence.Wishing you a successful and fulfilling real estate journey!

Partner Driven added value to the Crossfire Dr deal by investing $10,000 in targeted renovations.

Your strategy will shape the types of properties you target and your overall approach.Ultimately, your investment decisions should align with your risk tolerance, goals, and level of comfort.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

With our price target of around $1M, we potentially save 25k-30k (minus broker split) in commissions.My wife is uncomfortable representing us since I have no experience as an agent.

From securing the best financing options to planning for future growth, my goal is to help you achieve financial success through smart real estate investments as a loan officer.