![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3065937/small_1719959009-avatar-scottm1047.jpg?twic=v1/output=image&v=2)
31 December 2024 | 13 replies
Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/567535/small_1694584748-avatar-miker103.jpg?twic=v1/output=image&v=2)
31 December 2024 | 3 replies
Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3162311/small_1735690717-avatar-alainar9.jpg?twic=v1/output=image&v=2)
5 January 2025 | 8 replies
Additionally I would add a benefit for you is that you're in great area to be able to invest locally and can invest in your own back yard as they say.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2018141/small_1621517530-avatar-chrisgould.jpg?twic=v1/output=image&v=2)
7 February 2025 | 13 replies
Nathan didn’t think it was necessary so he wasn’t going to help me pay for it but he sure as hell benefitted from everything I was learning.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1596486/small_1621514023-avatar-ryang419.jpg?twic=v1/output=image&v=2)
6 January 2025 | 5 replies
Many lenders allow for low-down-payment options if the rental income covers the loan.You’re approaching this deal thoughtfully, but be sure to communicate the benefits of your offers clearly to overcome resistance from the seller's representative.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2328789/small_1705730777-avatar-spencerw77.jpg?twic=v1/output=image&v=2)
27 January 2025 | 48 replies
And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3111323/small_1725186681-avatar-sathyap5.jpg?twic=v1/output=image&v=2)
6 January 2025 | 8 replies
I prioritize appreciation, tax benefits (rental property expenses, depreciation), ability to use leverage, and passing on generational wealth with real estate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3161439/small_1735684738-avatar-sufyana1.jpg?twic=v1/output=image&v=2)
3 January 2025 | 7 replies
I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3172207/small_1737604712-avatar-dianat76.jpg?twic=v1/output=image&v=2)
5 February 2025 | 56 replies
Don’t forgot to look at all the ways properties make money: Appreciation (#1 way), equity gain through principle pay down, tax benefits, positive cash flow (never as much of a wealth-builder as appreciation is in good markets).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2935735/small_1709678329-avatar-lucam20.jpg?twic=v1/output=image&v=2)
31 December 2024 | 0 replies
My strategy is to hold it long-term, leveraging the steady rental income while benefiting from potential appreciation.