You usually have to do significant renovations to the property and build up to that kind of return over time.

Not quite a new member as I've been lurking these forums for years, finally deciding to get serious and figured doing the "New Member Introduction" post would be a good step.Briefly about me:  I'm currently working as a merchant mariner (3rd Mate) and I travel for work about half the year, looking to get into real estate investing to supplement my income and begin building a portfolio during the half of the year when I am home.  

Baselane is a banking and bookkeeping platform build specifically for real estate investors by real estate investors so I find that it provides everything I need and nothing I don't.

Build out your core 4 team before you start

@Joseph MuleroTo build a successful real estate portfolio, consider house hacking and the BRRRR method, which recycles capital and acquires more properties.

I'm putting solar panels on a new 4 plex build so I can pay all utilities under a single payment and make life easier for everybody as it is a medium term to short term rental.

you'd still get to make money in REI, with a secured predictable return, you'd just have to figure out another way down the line to be building equity and getting the tax benefits of ownership.hope this helps! 

It's how you are approaching the communication.

Doesn't sound like a condotel if it's a small building.

I own 3 out of the 9 units in the building so not sure if I can get financing under conventional FNMA guidelines.With the blanket loan, what types of terms do you normally see?