I kind of hate that there is a casual term for BRRRR...let's call it what it is without the tailwind of massive appreciation - you're buying a mess of a property.

This has always been a massive dream/goal of mine to pursue, so the fact that it is now a time in my life that I can, I am ready to dive into this business, and see all that it has to offer.Thanks for reading, and I look forward to connecting in the BiggerPockets world here soon!

I am also a fan of the strategy of taking the equity out of a deal, of course, this is the only way to achieve a quick growth of the portfolio.Also, don't minimize the fiscal aspect of the point: cashing out the equity from a deal means not only you have the money back and cash flows with infinite percentage return, but also that the money you have got is tax free.

Mitchell Bernier I think rates will fall faster than people think, I think when Jan 2023 hits we will see massive layoff's, FED pivot, BIG recession fears and the 10 year T will drop. 

There's no massive advantage but I would say it is generally easier to own property and do business in a state using native entities.

I have done that exact thing with a guests who had to cancel last minute due to her husband having a massive stroke.

It also has a massive hole for VA buyers.

The inputs for the image in this screenshot are as follows:500k purchase price duplex.Rent each side for 2k/month (this is after you move out)5% down paymentClosing costs: 7k6.4% interest rateInsurance: $250/monthUtilities (paid by owner): $400/monthVacancy budgeting: 5% of monthly rentMaintenance budgeting: 8% of monthly rentCapEx budgeting: 7% of monthly rentEven though you are negative $312/month after budgeting for future expenses your net worth ROI is massively positive.

But then you also get the massive tax break of leaving them tax free to your heirs.

This is exactly what has happened in Orlando with these massive communities of STR's.