This experience reinforced the value of strategic planning, effective project management, and strong partnerships in maximizing profitability.

In other words, if you buy a property thru one of these companies and later go to sell it after you fixed it .... many other local title companies won't be able to insure it for you. 

Plan to start small, buy a condo or townhouse wholesale that only needs cosmetic upgrades i.e paint, carpet etc.

Hello everyone, I have lived in Los Angeles since 2007and have no plans of leaving, although the state taxes are brutal.

Opex ratio: Is 35% of revenue a solid assumption for operational expenses - insurance, maintenance, etc? 

But you would need to go to the planning department and ask.  

This experience reinforced the value of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments.

We are starting our journey in West End and planning to use the BRRRR method.

Our household income is currently $320k pre-tax, but I might be getting a new job soon, which could bump our income to around $380-400k pre-tax.Initially, we planned to buy a property and convert it into a duplex, but with houses in our area starting at $650k, we've started considering a different approach.

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.