Hi guys,My money partners are looking for a property that will generate them income when they are not living in Philly but will give them a place to stay when they are back in town.

There are actually very few actual insurers in this space (though more than a few years ago).

Being a GC will take a lot of your time if you're doing it right and if you can't afford the time and already make good money elsewhere, I wouldn't go down that path unless you're passionate about construction and becoming a GC and can afford the time away from your current businesses or job. 

You’d be shocked by how little actual screening many PMC’s do!

I utilized (and maxed out) my credit cards to afford the materials necessary to renovate the apartments (I know bad move) therefore I cannot acquire a loan of any sort to fund the initial funds necessary to acquire a hard money or DSCR or rehab loan.

The flipper folks always like to say "you make your money when you buy," meaning that the lowest possible and highest value entry price point is one of the most important things.So let's visualize a single story office building.

@Sydney Scherer, I'm sure a lot of people would recommend LVP or even tile as replacement flooring, but for rentals in kitchens especially I actually like peel & stick vinyl floors.

I am not making life changing money with either of these deals, but I expect total returns to have a floor in the 10-12% with upside in the 20-25% which is really good returns.

Hello in 2021 my partner and I bought an apartment in FL.The main purpose of the apartment was to invest our money to have it saved for our son to go to college.We have been renting this apartment to a family member who has been paying less than what we pay for mortgage and HOA,so we have been taking money out of pocket to cover expenses and so on.I decided that even thou the purpose of buying it was for college,I’ve had enough taking money out of my pocket to pay the HOA and expenses.My question is if I should sell this apartment or if it would be worthy in the long run to keep it and meanwhile just keep paying the HOA and expenses.Renting it to another person is not an option.

Its a safe bet that you can make more than 3.75% on your money somewhere else with little to no risk.