To that end, I would do a bit of a self assessment because the best way for you to invest in real estate probably isn't about the real estate, its about YOU!

what I would do to decide if brrr method is the way to go-Assess the cost of necessary updates and improvements and compare them to the potential increase in your home's value.

I would talk to the county about how they calculated the assessed value.

.- NOTE: FB Marketplace is difficult due to their strict policies (they really do NOT want PMCs advertising there)Test the PMC PROCESSES!

That is key IMHO.As far as furniture, OfferUP, Facebook Marketplace and Craiglist has a TON of USA made furniture for either free or pennies on the dollar.

Understanding Commercial LoansProperties with 5 or more units typically fall under commercial real estate loans, which have different requirements compared to residential loans.Requirements for a Commercial LoanCreditworthiness: Both your personal and business credit scores will be considered.Down Payment: Typically, 20-30% down payment is required.Debt Service Coverage Ratio (DSCR): Lenders will assess the property's income relative to the debt payments.

More so just heard that if you transfer title into LLC it can “uncap” the property and cause a new tax assessment the following year and raise your future tax expense.

The lender assessed value, then opened a $175,000 line of credit with those properties as collateral.

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

For primary residences, taxes paid equal 4% of the fair market value of the home times the local millage rate plus any other local district taxes assessed, such as for fire or police, but with a school district tax credit.