5️⃣ Energy-Efficient Upgrades: Solar panels = tax credits!

But my 4 renters are in there 30's-50's and work 50+ hours / week building naval ships and submarines and they enjoy being close enough to walk to the shipyard and coming home to a brand new house with all the modern upgrades. 

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

Upgraded infrastructure was needed 10 years ago, but at least we are making some progress.

If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...

The key is upgrading your life, your property, your cash flow, your wealth.

This puts the agent in a pickle trying to explain why 10k is not enough commish and they should get 15K etc etc even though they have the buyers brokers agreement the buyer wants to use those extra dollars in our case for upgrades not to pay their agent..  

The GP was so open and transparent every step of the way with the different types of insurance that were essential, adjusters, replacement cost, debris removal, code upgrade, etc.

We did upgrade to his middle package so we would be in on both performing and non performing so I may be biased, but I think this program has expanded our thinking and allowed us to do more deals and be more profitable.Personal Note:  Our most profitable deal to date closed two weeks ago while we were in the Midwest meeting with potential partners,  It was a non performing note that spent almost 2 years working its way through the IL court system, we were all in for about 25k and netted 60k at closing.  

5️⃣ Energy-Efficient Upgrades: Solar panels = tax credits!