Investment Info:
Small multi-family (2-4 units) buy & hold investment in Sloan Lake, Denver.

Purchase price: $839,000

Cash invested: $83,900

Bought an up/down duplex 4 blocks south of Sloan Lak...

It helps create an aspirational experience and can make the home stand out in a competitive market.

- Why didn't the contractor's insurance cover this?

In many cases bigger banks or lenders have specific programs that cater to first time home buyers and investors. 

The type of home you buy determines the tenant you get. 

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

I am bullish on the FHA 203k and home-style renovation loans that allow you to leverage the cost of your renovation as part of your mortgage, which is just an insane deal, in my opinion.Do you have a specific area where you want to purchase?

Get a small inground fiberglass pool.No above ground pool unless you have a mobile home.

That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

We have a single HVAC system that heats/cools the entire home.