For example, if you're planning a kitchen remodel, get multiple quotes to ensure you have a solid grasp of what it will actually cost.3.

I read about a 1091 exchange and if i reinvest my money into another property within 6 months then ill avoid paying the taxes on it. is this a good plan, if not do you have any other suggestions.  

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

I would like to start close to home as I plan to self manage the rental side of it.

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

I am starting out and planning to make my first RE investment in the Q1 2025.

Houfy now has a damage protection plan that costs the guests $5 a night and does light identity screening through SuperHog. 

Thank you so much for taking the time to respond.Here’s where I’m at in my journey:I don’t plan to rush into purchasing my first property.

My plan was to purchase a lot and build a foundation, bring in a doublewide/manufactured house. have it placed on foundation and have a structural engineer reclassify it as fixed real estate. then, I would refinance. 

A refi makes more sense if you plan to hold the property long-term as a rental.