We offered 407 and asked for closing costs.

These will give you the out numbers, and then you can work backwards once you know the repair costs.

Sure it will cost a bit more but if the numbers work, the numbers work.

The one thing it had going for it was actually talking to a person but it’s also costly and takes time to hire and train a team, only for many calls to go nowhere.Lately, as an investor I’ve been using an AI that’s been way more effective than I expected.

@Franklin PerezGetting your real estate license can be a smart move if you want MLS access, networking opportunities, and savings on commissions, but it comes with costs and disclosure requirements.

Multifamily properties provide higher rental income and lower vacancy risk, but they require higher upfront costs and more management.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

Are you wanting the home covered at full replacement cost?

Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

It’s a great way to get started in real estate and will offset your living costs when you do move out on your own.