So why not put that money to work and start building up some cash flow?

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

Start by leveraging your skills to identify undervalued properties, perform cost-efficient renovations, and build sweat equity.

What are the comps selling for (last 3-6 months)in the neighborhood?

.✅ Building strong relationships and partnerships.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.

@Rong TanThe last I heard is the City of Cape Coral has halted all new building permits for now so they can focus solely on rehab permits in the aftermath of the hurricane.

Until you build trust with a team or contact you should view every property esp a MF that is a larger investment.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm a new investor (we are under contract for our first rental property)!
We really took the bull by the horns on this one and patched our way through 😅 but I would LOVE some recommendations for a Tax Specialist, lend...