I'm a Los Angeles native looking to invest in out of state income properties, and hopefully, build a portfolio of properties through the BRRRR method.

@Clarence Powell Start with a specific plan for your businessIdentify your farm areaGet a contract ready so that you're prepared to make offers on properties as soon as you find themStart MarketingPut together a buyers listRemain patient, methodical and consistent, it can take months to get your first deal, keep at it and you'll increase your chance of success

I know it's hard on everyone involved when these situations arise, and I hope you have other siblings that are willing to help out too.

What paperwork is involved?

That’s good in theory but how does that work involving other people?

If you do, it is because there are lawyers involved and they do their own title insurance underwriting.

You still can but just keep in mind it's easier if you wait for a recession.I'm a big fan of both methods you mentioned.

I know BP has their own calculator and methods but what we do is just build in a 15% of gross rent multiplier that encompasses capEx, vacancy, deferred maintenance, etc.

Hello,I was trying to see if anyone had a standard contract of sale agreement they can share with me to do a sale by owner that did not involve any agents.This is for sale in maryland.Once i have it,i am planning to give that to the title company directly.If anyone can provide me with one or give pointers that would be a great help.Thank you !!

Hello,I was trying to see if anyone had a standard contract of sale agreement they can share with me to do a sale by owner that did not involve any agents.This is for sale in maryland.Once i have it,i am planning to give that to the title company directly.If anyone can provide me with one or give pointers that would be a great help.Thank you !!