Quote from @Tina Lee: I bought an old condo, and had my handyman and his guys went to do some work at house.

I would have bought more...

I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck  I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

We bought the property at below market rate because the seller was motivated and needed to close quickly.

It is for this reason I bought the house but my family does not want to move there.  

If you bought the certificate from the state for the full amount quoted to you, you must contact the state and get the calculations of how they arrived at that number.

We want to connect with investors who bought condohotel and learn about their experience and if they are good investments.We are currently in Honolulu, Oahu.

Originally posted by @Oksana Patrick:Hi @JMassey I am a new investor myself, I bought my 1st property in summer 2019.

This community’s gold—thanks for kicking off such a juicy convo!

They sold that condo after a year - mixed reviews on AirBnB and VRBO and bought at Regency Towers.