I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

In most of Raleigh city limits specifically, the lack of room to build new construction developments has stirred the folks in zoning.

Ideally this would be done after doing proper diligence and making sure that the sponsor's skill and expertise matches the opportunity being presented.  

When I purchased my property, I had read all the exciting developments in the works...indoor waterpark, shops, new hotels, restaurants, etc., but was severely disappointed when I went recently with my family. 

Developing strong financial and business acumen is also crucial for success as an investor, so that’s another area where you could focus your efforts if getting a license doesn’t align with your plans.I’m here as a resource—feel free to reach out if there’s anything I can do to help!

This can help you gain experience and start to network and develop a team of people who can help you invest in future deals.  

Also, keeping an eye on zoning changes or upcoming developments can help you get ahead of the curve.Would love to hear more about your experiences too—what areas are you currently focusing on?

In your ideal world who pays the buyers agent in that first time home buyers niche in Minneapolis? 

Since my current strategy is BRRRR, I'm looking for a location where I can implement it successfully within my budget.I’d prefer to target the best neighborhoods or subdivisions I can afford, ideally with favorable eviction laws and other key factors.That said, I started wondering if there might be a better strategy to achieve my goals.

Thanks Brett, it is my understanding that by buying a property of equal or greater value it would allow for maximizing the tax deferral, which is ideal, but not a legal requirement?