I own a mixed use property (4 residential units, 1 Commercial unit) and need to update the lease of the Commercial tenant.

Remember you don't have to own a property to control it.

You don't need property management for one property.

Congrats with your first rental property you’ve come to the right place to learn everything you need to know about real estate from him very smart people.

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

Obviously some property types and locations are doing better than others. 

@Haley ElisabethIf the ultimate goal is to build your portfolio, then I would sell the business and flip properties, while keeping the ones you like.

Purchase price: $100,000 Cash invested: $1,000 Sale price: $115,000 My partner and I found this property on Zillow listed much higher than the value.

They know better than anyone.......Oh, and you can also get some of the better deals when buying those properties, as long as you have a good idea of the potential extent and cost of the repairs and plug that (with a healthy contingency) into your proforma. 

After getting a good amount of equity in the house for future HELOC funding, I was going to move out of it and use the property as a rental utilizing a lease option, or, rent to own agreement.