Purchased for 180k over 1.5 years agoReno 280,000kARV 520KExperience through the roofFICO 700+The trick here is the prop card/zoning - does anyone have a product for this?

I just purchased a 2nd rental property last week with this same LLC.These 2 rental properties have total equity of about ~$1.5M (both are owned outright).

I do rehabs in San Diego where my purchase price is usually from 900k to 1.3 million and I try to make 20% of the purchase price per deal and try to do 5-6 deals per year (if I can find them which is becoming harder).

Being that you are in the bay area, if you wanted to purchase an investment property with 20% +- down, then you may want to look into a cheaper location to start with.

I want to have my crew install them but want to purchase it right out to install. 

Property is a 3bed, 2ba SFH (Cedar Rapids, IA) listed for $96k (was purchased in March '24 for $90k...looking into that)Market rent is $1,300 (could nudge up $50 maybe).

., I think an unlicensed person should be able to represent themselves in a purchase/sale in the same way a homeowner can make renovations to their own home without an MHIC license), but overall I think this is good for the general public (and, yes, its good for Realtors - but as Russell points out HB301 was introduced at the request of MREC, not Maryland Realtors).To reemphasize Russell's last point: if a wholesaler believes they are operating in an ethical manner then they should get licensed and submit to the rules that MREC has put in place to protect the public from real estate scammers and incompetent licensees.

For a first investment, I recommend long-term rentals for more reliable income.

This is my first attempt at running an analysis of a Duplex I am thinking of purchasing for BRRRR.

My target purchase price is under $1.7M and prefer cosmetic fix to start with.