A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

I try to get it in ASAP before I put a lot of time into coordinator with potential applicants who might not be ideal tenants. 

Partner Driven saw the potential to generate a solid return with minimal risk, making it a perfect fit for our investment strategy.

The insurance is higher along the coastal areas because of potential hurricanes but not bad the further north you go.  

Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Or is it one of those things that would potentially pay off in 5-10 years?

But we also do occasional drive-byes and annual inspections to see how the tenants are caring for it and hopefully catch anything that is potentially damaging before it gets real bad.Some of our clients prefer to pay for the lawn care and we charge a lawn care fee to the tenants.

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

Considering recent market insights, reallocating your $300K brokerage account into a multifamily property while keeping your townhouse rented could be advantageous.Warren Buffett’s Berkshire Hathaway has accumulated a record amount of cash, suggesting a cautious stance due to potential market overvaluation.