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29 May 2024 | 1 reply
I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms.
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30 May 2024 | 11 replies
You find a fixer-upper to Rent until you Sell and move into that to do it again.
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30 May 2024 | 6 replies
Case in point, I recently had a water heater go out, one of these pricier tankless systems that was on its last leg after about 10 years.
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30 May 2024 | 10 replies
Some guys were handymen who helped me on the next fixer-upper or maintenance or building a new shed or fence etc.
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30 May 2024 | 47 replies
I am currently in the mix on picking up 2 apartment buildings and a duplex in Minot ND. as well as starting to buy fixer uppers and remodeling them. i would love to connect with Minot investors and talk about property managers and who is preferred in the area.
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29 May 2024 | 3 replies
I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.
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28 May 2024 | 3 replies
The BRRRR method is when you buy a fixer-upper, fix it, rent it out, refinance it, and then do it all over again.
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29 May 2024 | 64 replies
Think about the policies and communications around the classic boy/girl friend and unauthorized person lease terms and procedures (from on-boarding through screening and lease signing).....But if it is really too stressful, look at your scale (is duplex or ten-plex right for you and your work/life balance), your market (the neighborhood --working class or upper class), your team (like a good eviction lawyer or contractor) and see if it is a good fit...
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27 May 2024 | 0 replies
You can also try the BRRRR method, which involves buying a fixer-upper, rehabbing it, renting it out, refinancing to pull out your initial investment, and then repeating the process.