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With long-terms you'll want it filled out or close to full whereas with a rehab you'll want it empty or relatively empty to be able to start renovations as soon as it's been purchased.Try to find out more about the cash flow, tenant history, and if it will need renovations as those will be the key indicators for what type of loan you should be looking for.

My dad worked as a contractor for over 30 years and now I am looking to start a family business (he is retired).

This sounds great, I just started investing in the US (and a few challenges have already popped up), so would love to meet and hear from you @Marco Santarelli and @Cal Ewing and others who are already active in that market.

Property is going for 65k and would sell for 135-145 after rehab.I wouldn't make a killing after expense cost but enough to get started and roll it into the next one.What says the forum?

If you are getting started and are in New York, I would not recommmend you buy in New YorkStart in a place like Michigan, Tennessee, Missouri or Mississippi.

exploring different options right now, might start with something temporary for now and then maybe change things permanently later if the codes allow itit's definitely a bit of a strange building...but the whole building is built like that so maybe that's the "in" thing these days hai am sure i will have a zillion more questions down the road...thank you all!!

It will probably only get used during the winter. and I can see some maintenance issues too with all that moisture inside it would be easy to get mildew or mold growth started if it is not maintained properly and often. also it is traditional to follow up your time in the sauna with a dive into a nice cold lake (or pool), or at least you might want to have a cold outdoor shower nearby. personally I would spend my money on something like a hot tub before I bought a sauna.

Start by seeking mentors who can offer valuable insights and guidance.Remember, success in real estate often hinges on persistence, adaptability, and a positive attitude.

Once you start narrowing down which places you would like to invest in, start building your team!