I was embarrassed, but I didn’t give up.I called the buyers, and they all said the same thing: the property was overpriced.

I have a large STR property that can accommodate 19 people, that has a hot tub.

My name is Andres Padilla, and I specialize in buying real estate properties for short-term leasing, long-term leasing, and property flipping.

Purchase price: $105,000 Cash invested: $10,000 Sale price: $210,000 While in college, I had enough money saved to put 3% down on a property and make some small improvements.

It all adds up.Good luck with your first rental property in Michigan!

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.

Griswold, "Set for Life" by Scott Trench, and "The Book on Rental Property Investing" by Brandon Turner.

Once I had the property under contract approximately $50,000 below market value, I contacted A private money lender.

Once the renovation was complete, I started searching for a property management company, as I don’t manage my own properties.