They have great advice for new and seasoned investors.

Purchase price: $225,000 Cash invested: $245,000 Older neighborhood with a ton of potential.

But from 2020 through 2023, we experienced a market imbalance fueled by a number of factors:  Revenge vacations resulting in not enough supply, cheap money, and lots of sunshine pumping by "seasoned" real estate pros.So if you bought in 2019, it's likely that today's numbers are working out quite good for you.

Was the last job seasonal?

But let's be real: the cash flow you can currently squeeze out of properties is barely enough to keep the lights on and do some maintenance while you watch equity grow.The worst advice we can give a newbie is to keep hammering "just find a deal where the numbers work" and thereby pushing them into low-income neighborhoods with run-down housing stock and management challenges that most seasoned investor run from.I absolutely encourage young investors to buy real estate, but look at it as a long term INVESTMENT, which means you are putting money in, not taking money out.

@Jessica Carcamo I would recommend going to meetups and meeting investors and others doing what you want to do and offer to bring in some capital and find the deal and partner with a seasoned investor on your first few. 

Hi all- I’m in a unique / fortunate situation where I’ve found some older homeowners looking to remove the burden of managing a rental property that are willing to seller finance their property to me at $0 down and 1% interest on a 30-year note, no balloon. 

What: Wyoming Valley REIA MeetingWhen: February 28th at 7:00PMWhere: Grotto Pizza at the Wyoming Valley MallWhy: Whether your new or just interested in real estate investing or a seasoned veteran looking to tell war stories, come join us.

After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.

Most DSCR products at the moment have a 6 month seasoning period.