Exterior work involved repairing the roof, painting, replacing rotten wood, and installing new light fixtures.Multiple contractors were engaged for the project, with licensed professionals handling electrical, plumbing, and HVAC upgrades.I have compared the comps in this area on Zillow and it’s in the range of 115k to 130k. all else checks out, except that I do not have boots on the ground to verify in-person.  

Have you ever used your real estate or mortgage license for your personal transactions?

Hey Flavia, the decision about your mom is personal, but you can definitely grow and diversify faster in Florida.

You might be more than 10% or even more than 100% on the hook with private money especially if that came with a personal guarantee…

Since the S&P 500 averages around 10% annually I personally don't see a point in investing in a rental that's not going to at least beat that.

Hey BP I have questions I'd like to consider myself a strict person when it comes to screening my tenants recently I have a few section 8 applicants.

Is it feasible to finance both properties simultaneously, or should I wait until next year to sell and purchase my personal home?

DSCR loans are long term loans that you would generally get into after a fix and flip if you decide to keep it as a rental.I would be happy to hop on a call to go over this more in detail :) Congrats on getting started on your REI journey!  

Hello,I am getting started with my real estate journey.

Check out the info at biggerpockets.com/conference but feel free to email me personally if you have more questions: [email protected] SEE YOU IN CANCUN!