Purchase price: $11,500 Sale price: $14,000 Contributors: Peter Vekselman We purchased a property on E 12th St, Junction City, KS, on 10/15/2024 for $11,000 with our partner Archie Raglin.

Building a strong team—like a trusted realtor, lender, and eventually property manager—will definitely help as you scale.

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

In many places the assessment process is done with limited and incorrect information in part because they don't have the right to enter a property unless the property owner chooses to allow it.

I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

@Kala SamuelTo start investing in real estate, define your goals and strategy, choose a market with job growth, population growth, and rental demand, finance your first deal with FHA Loan, conventional Loan, or Hard Money Loans, find the right property, build a support team, make offers, inspect the property thoroughly, and manage wisely.

I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

We also were able to take over the property with 20% of equity built into the deal, and it is newly renovated.

I fund a few folks that buy them though ( I am the Money) and a few states activity is back up.   

Does it matter that a property management company is doing this for the first few months?