I want to add him to 50% ownership so we can both manage the property and access the cash flow.

The title company paid the investor $150,000 for the lot, or 10 times his purchase price 6 months earlier.4.

Start with learning how to run comps, how to estimate repairs, how to find deals, how to negotiate with sellers, reading and understanding a purchase agreement, finding an investor friendly title company, having an attorney create an assignment agreement for you, contacting investors to put on your buyers list etc.

Our efficient project management ensured the renovations were completed on time and within budget.

Consider factors like flight convenience, property management options, and your comfort level with the local market conditions.

Go work for a property manager.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

The property management side, realty medics, could use a tune up as well. 3 day notice not posted until the 17th after me hounding them.

With an LLC, you do have the ability to structure the company how you please.

If you don't trust your management company, do them and you and favor and manage it yourself.