You'll likely have inspection related repairs every year.

Your loan may also be capped at 65 or 70% of the after repair value.

@Randy AchiTo start flipping houses, learn fundamentals through books, podcasts, and online courses, build a network, start small, and practice repairs.

I have managed these properties from renting to leasing/repairs etc.

That means if you could get $6,250/mo, have zero repairs, zero maintenance, zero capex, zero vacancy, provide zero lawn/snow/landscaping, pay zero utilities, and pay zero management.

I am looking to add:- one syndication investment (not multifamily because I invested in 3 multifamily syndications in 2024)- three turnkey rentals in the Midwest (only vertically integrated management and construction/repair turnkey)- one mixed-use property in NJ (Main Street mixed-use is what I like with at least two retail and two residential)- one flip in NJ (buy price between $500k and $750k, reno $200ish, profit $200k min)I am also looking to:- do two bathroom renovations in my personal residence (and one in my DADU over my detached garage)- do a complete yard makeover, adding a plunge pool in my backyard- start planning and development on a 5-acre plot of land I have near Woodstock, NY for a 4-STR groupingI am looking to sell:- nothingWhat is in your 2025 buy box?

Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.  

Most cost effective option I have found.Guest breaks a refillable container, no problem , $5 or less to repair.

We offered 30K under asking and got it under contract, after the inspection we were able to renegotiate another 10K off of the property due to repairs needed.

Sellers generously accepted because they know some things need repair.