We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.But he is NOT a good photographer LOL. here are some progress pictures .Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract._________________________________________________________________________________________________________________________________________10/12/2024.

I’m just trying to get up some docs to solidify our verbal agreement.

Property flipping tends to yield higher short-term returns, allowing you to build up capital more quickly.

I am closing on more this month.

I'm also in the "never heard of future stay" camp.We now have 6 units all in the same, tertiary local market in the South, and we manually adjust our pricing based on how close we are getting to a unit coming open. 

Sharing a cozy moment at Rough Draft in Kingston :) We're planning to drive up and check out a few properties on 10/26-10/27.

Looking to link up with a few people to chat systems, whats working / whats not, planning for future business model changes etc.

Depending how much you earn you can step up those savings by getting a side-hustle.

The other has experience with real estate with multiple units, however, is way behind on up-to-date systems and technology. 

The pros to them are vast though, no cap on how many mortgages you hold, they don't show up on your credit report, the closings are quicker, the rates are competitive, we only require a soft credit check, no tax returns or employment requirements, and the seasoning periods a very short.