Investment Info:

Single-family residence buy & hold investment.

Purchase price: $450,000

Cash invested: $13,000

Bought this single family in Woodbridge to get out of an apartment in Old Town Alex...

I just got a duplex with tenants in it, one was M2M paying way lower than market rent but she was a 2 year tenant with a good record, I just renewed her lease increasing little to a number that works but still below market rent, the positve note is that she is paying on time and I didn't have to spend money in the property, the other tenant renewed a lease with us and paying close to MR, at the end of the day you need to do your due diligence and make sure the numbers work.Same question for people who have bought properties without tenants already there?  

Does it make sense to have someone come in full time on salary to take off a lot from your plate for you to do more deals? 

Not sure why the city website doesn't have one as the rates are different every year making it complicated to calculate.

Looking to learn the foundations of investing, DIY renovations and profit-making.  

The biggest obstacle I'm encountering now is the making up the initial down payment.

This was a conference for mostly private equity firms that raise money for and invest in large multi-family deals, and truthfully I felt a little out of my depth.

By evicting for failure to vacate, you now make this a contractual issue.

I’d love to make this happen, but any advice or guidance for a newbie investor would be much appreciated!

but if anyone is looking to make changes and raise rent, they have room for that What made you interested in investing in this type of deal?