I’m putting this out in the universe: WHEN my first REI plan is successfully executed, I will go and personally meet and shake the hand of each of my Core 4 cohorts, and each and every one of my subsequent success circles.

The A/C unit was replaced about 7-8 years ago.Details:Built: 2002Square footage: 1725Rooms: 4br/2.5baOriginal price: $145,000Estimated current appraisal: 325,000Rent: $1800Current mortgage: $91,000We have been doing quite a bit of research on beginning to invest (read Brandon Turner's book on creative financing, reading David Greene's BRRRR book, watching a ton of YouTube videos, listening to podcasts, etc.) using the BRRRR strategy and are about to get a HELOC on the above property to use to buy our first (and subsequent) properties. 

I purchased a 20 unit building that I subsequently sold in Indiana, and both times we ended up not using an attorney.

Raising the rent could cause them to claim covid 19 and subsequently not pay rent.

In Illinois and a number of other states, you can purchase under a land trust, which subsequently signs the mortgage, and you personally sign the note.

I can’t find any info online related to the pros and cons for purchasing the liens for subsequent years, and I was curious for feedback on your thoughts.

Based off past experience in the Fort Wayne area, what do you all expect the cost for a contractor to remove wall paper and subsequently paint the walls? 

So i guess my question would be does it make sense to payoff/cash refi my first property to then essentially follow David G’s advice to then purchase the subsequent properties.

I’ve been using a normal accountant for several years but I don’t think he’s properly crediting for depreciation, and I know my wife and I are close to qualifying for real estate professional and the subsequent active income write offs…my accountant won’t even look at it.

When we buy apartments from the eighties and early nineties, the seals on the double pane windows are often broken and subsequently are permanently fogged.