You usually pay an upfront option fee (around 1% to 5% of the purchase price), and a portion of your monthly rent may go toward the purchase price, helping you build equity over time.Pros: Flexibility: It’s a great way for buyers who might not qualify for a mortgage yet to secure a home while improving their credit or saving for a down payment.

Real Estate has always been a goal of mine since getting out of high school 2 years ago, however I never knew how to get started or what field would be most suitable for me.

Rent is due Sept 1, it is odd for tenants to pay well in advance (unless they paid last month's rent with the deposit).4 weeks is enough to find a new place especially if they get started now and as they have one month's rent to use as a deposit for the new place.

Thanks, Caden.Link up with a local investing group and start building relationships.

Over time the balance builds up in my account and will pay for any damage or lost items as needed.I started this process about a year and a half ago for all 3 of my properties.

An LLC could simplify bookkeeping and structure your growing investments, but its main advantage would be in organization and liability rather than immediate tax savings.

Buyer starting mortgage balance is $90k (assuming 10% down)Example 2, the New rules way:Buyer offers $97k, pays their agent $3k, seller pays their agent 3%, seller nets $94k.

- BP is great place to start.

Ultimately I think that a BRRRR sounds like the route I want to take, but think maybe starting somewhere else could be less risky so I can get my feet wet first.

To start house hacking, research neighborhoods like Lawrenceville, Bloomfield, and South Side, while for multifamily investing, consider East Liberty, Squirrel Hill, and surrounding suburbs.