Start small with a property within your budget and skill set, using HELOC for funding.

Should I focus on teaching him the basics of personal finance, like saving and budgeting, or is there a way to introduce him to more advanced concepts like market analysis? 

I am entertaining this, as a passive option, just wondering what other people's experiences (and returns?)

I think you would need to ultimately know what your goals are and honestly what your budget is.

Hey Chris, If your agent is only using RCM, they might not be familiar with platforms like Costar or LoopNet (which honestly should not be the case), or they simply may not have the budget to cover the upfront listing fees, which can get pricey.I’d circle back with them, address the plausible elephant in the room, and try to figure out a game plan to get your property on these other platforms.

My own observation leads me to believe that a large part of the buyer agent’s time budget gets spent on showing houses and transportation to and from those houses.

I started looking at properties in the Lehigh Valley, PA but most of the house my REA showed me where over my budget so he reccomended me to another Agent from Reading, PA.

That said, a condo or apartment just outside the Strip could still work if it offers something unique, like better pricing, quieter surroundings, or extra amenities.Personally, I’m more into staying at hotels and resorts in the U.S. because they usually provide a full experience with pools, restaurants, and entertainment.

I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:$130k for 3bd 1ba for a single family house:- Reno Budget: 42k- Projected Rent: $1400Pros:1.

The help I have provided with a few home remodels has consisted of kitchen and bathroom layouts, flow and functionality, fixtures and finishes of the home, all while trying to stay within budget.