Keep that in mind:)Regarding partnering, have tried it several times and most times it ends with a split.So, if you go forward with partnership, recommend making sure you both agree in writing, on how a split would work.Otherwise, you an both share everything you leanr and help each other out monetarily as needed.

The property was sold to us for $106,000 ($46000 purchase price+ $60,000 for a full rehab to be completed by ABC Baltimore).After 2 years (as of Aug 2019), I am writing to report that I lost thousands of $$ in this investment (breakdown attached).

Quote from @Fernando Domingo: Does anyone have a recommendation for an insurance company that will write a policy for a CA property?

I believe they changed the guidelines years ago on the amount of seller assist you can receive on an FHA loan, so I’d look into that with your mortgage company before making an offer, but definitely use that to your advantage when writing an offer!

Once we receive notice, in some sort of writing from the tenant, we move forward.

BP should have him write the co-living book. 

I'm writing this in December 2024, when every other question asked on the Bigger Pockets tax forum is about STRs.

Hello everyone,I am about to start writing out offers and I wanted to know the general opinion on how to find proper comps in the area when calculating ARV.

Most of what I write from here applies to this type of property because that's what is customarily purchased by new investors who prioritize cash flow and should not be construed as general principles of real estate. 

Thank you so much for the reply I’ve been writing down by 2025 goals just because right now isn’t my time doesn’t mean that my time isn’t going.