Hello DaivertWhat's the primary reason for investing in Montgomery: Good Rent/price ratios and also appreciation?

Hi dear colleagues, my son is moving to Richmond and he bought a condo and he is planning to rent a room to start his house hacking strategy as a new investor in real estate.

Purchase price: $342,000 We purchased this home in 2021, lived in it for two years and then started renting it.

i googled and found this thread for example.https://www.biggerpockets.com/forums/52/topics/1198212-purch...i have questions for you - do you already own, or are you renting? 

All 5 units currently rented:  LT renters $850/mth, Retail Shop space $850/mth, and 3 STRs averaging 6k per month. 

Hi Jake, DSCR Loans are a great way to get started if you have a property in mind that is ready to rent once purchased or possibly even has tenants living in it.

Am in the same shoes as you were.. looking for build to rent/turnkey/PM.. thanks!

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.

We also had the lowest "shelter" reading in a long long time, of 0.3% for rents and OER.

.- Maintaining Property Value: Renting to reliable tenants who pay on time and take care of the property helps maintain its value.