Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

I have renovated 12 houses in my life and just finished renovating a 1939 bungalow in the Oakland Hills and building an ADU on the same property out of the garage.Anyone who answers the presented question with solely a "yes" or a "no" without first referencing their local city's or jurisdiction's building code would be guessing.

Valuable and soon to be life changing profitability Lessons learned?

Target neighborhoods like Brewerytown, Kensington, and Point Breeze, where demand and ARV potential are currently strong.Your skills in renovations will give you a significant edge in controlling costs and boosting returns.

Oversimplifying it just a bit, the investor profits from:- a non-refundable option paid by the tenant-buyer which gives them the right to purchase the property within their option period- the spread between the rent paid by the investor to the property owner and the rent paid to the investor by the tenant-buyer over the life of the option- the spread between the price ultimately paid by the investor when they exercise their option with the owner and the price ultimately paid by the tenant-buyer when they exercise their option with the investorClear as mud?

Any lender licensee or realtor licensee cannot suggest to treat people differently and they can never do it in real life.

Lives and life savings have been stolen.  

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

Meaning you use the life-left of all the components that will need replacing in due time and factor that into your offer.Components expiring within a short period of time needs to be accounted for as deferred maintenance.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.