There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

When the vendor marks the job complete, the tenant is automatically asked if the work was done to their satisfaction and it asks them to review the vendor and my company.The automation works most of the time, but there are some times where additional communication is needed.

Here are some details:Property Ownership: I own the property outright.Time on Market When Purchased: The house was on the market for 1 week when I purchased it.Appraisal Value: The appraisal value at the time of purchase was the same as the price I paid.Number of Bedrooms: The house has 3 bedrooms.Remodeling Costs: I spent $20K on pipe lining and improvements in the kitchen.MTR Definition: MTR stands for mid-term rental strategy.Regarding the HOA:Knowing the potential restrictions, my first question about any property I looked at was whether monthly rent was allowed.

About me - According to Stessa, my wife and I currently have a real estate investment portfolio valued at $*,***,*** leveraged at $*,***,*** debt (I’m pretty sure Fannie/Freddie will stop loaning to us pretty soon!)

It helps you find reliableproperty management partnerships and gives you everything you need to makeconfident hiring decisions: Expert Matching: Match with professionals who meet your criteria Extra Assurance: Licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets members Bonus Content: Receive an essential interactive workbook: “How to Interview Property Management CompaniesHere’s how it works: Enter your market and what you're looking for Instantly see top matches and their qualifications Connect with only those you want to interview Bonus!

How did you add value to the deal?

The problem is the price that the seller wants is quite high and comparable to on-market value.

Bear in mind that if this is ever reviewed it will need to withstand audit-level scrutiny.

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.

I paid not much more than the assessed value of the LAND!