We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Let’s make 2025 a year of action and success!

Honestly, I would not sign any lease until you positively close and legally own the property.

Will work on some of these actionable items

Real estate investing is more about taking actions and learn as much as possible along the way and not repeating your mistakes.

Lease Terms: Determine a monthly rent payment that covers the HELOC repayment (interest and principal) while providing some positive cash flow for you.                    

They don't tear things up, they don't party, rent is generally paid early, lots of positive attributes!!

There’s normally action items that can be implemented into your management process that are more effective. 

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Am I in a bad position.