@Ronald MejiaYou can buy in cash and or use a large down payment, 60% for example and you can lock in a rate that cashflows so you can have some liquid cash for unexpected expenses or use that cash for the down payment on the next BRRRR.

I buy props all the time built from 1910- 1940.

@John SuIt only really affects you as a landlord if you have an apartment complex.

Agree on above - holding very high interest (presumably) CC debt should be first priority to pay off before buying the first investment property

I’m in contract to buy a property that has a new 2019 tax assessed value above purchase price.

If you get the money to buy it where you getting the $60-$100k to renovate it?

So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring  you up to that new Just Market Value".  

I learned this one from (now disgraced) real estate mentor John BeckWhat John used to do was go to tax auctions, and buy the odd, probably worthless lots nobody wanted.  

Hi folks,I am new on buying a property and trying to househack on fourplex property that is 40 years old(1980's).

My husband and I have 5 rentals, we are not super experienced and just started buying some real estate in 2019.