Here are five crucial tips to help you stay profitable and avoid costly mistakes:Buy Smart, Not Just Cheap – In today’s market, finding deep discounts is tough, but focusing on properties with value-add potential is key.

Inspired by The ABCs of Real Estate Investing, BRRRR and insights from BiggerPockets, I’m focused on building long-term wealth and replacing my current income with rental properties. 

Are there any tips or tricks I should know or keep in mind when approaching closing and for after? 

It can be used to replace finishes - kitchens bathrooms, flooring, paint, etc.If you have to live elsewhere while the work is being completed the 203k allows you to wrap up to 12 months mortgage payments into the loan if your approval/LTV allows for it.

Quote from @Sean Regan: Appreciate the tips.

My partner and I have found success in the current market with buy and holds. Especially with new construction incentives. We're both investor agents and we talk to the builders and work deals to get the best rates an...

Notes: - Two free weeks of stay per year for the owner/landlord (Gordon) landlord responsible for the repair or replacement of major items that a typical LTR landlord will be responsible for, such as major kitchen appliances, A/C, hot water heater, and of course anything structural.- Hefty penalty on either one of the parties for early termination of lease Owner plans to invest some of his own money to upgrade/refurbish things?

Quote from @Hazel Anderson: Hello, bigger pockets pros, We have a rental property in Columbus and we are looking for a contractor who can replace the existing basement window with a standard sized window.

We ended up replacing all the existing carpets.

What tips or advice do you have for someone just starting out?