Hey @Robert Campbell, I'd recommend you keep your capital expenditures at 10% (or more), where you originally had them.While it's true that under condo ownership the common elements (roof, exterior walls, grounds, etc.) belong to all owners and are maintained by the association, ultimately you will pay for any repairs and upgrades, either via increases to your monthly dues or through a dreaded special assessment.That's one of the many reasons I'm not a fan of condos: One day the Board can decide that the swimming pool needs resurfacing or the roofs needs replacing, and then (surprise!)

Usually when inheriting tenants, you have minimal interaction before closing, however on my last deal, I had a bit of time with them during the showing and during inspection and with everything happening with the eviction moratorium, I didn’t want to chance getting stuck with these tenants who seemed super sketchy (ex.

The lack of confidence is usually due to you not spending enough time really interacting with other investors to see if all the online research or comments actually make sense in real life or not having a good, investor-friendly agent who can target properties that work for your budget and explain the pros and cons.

I always like to add a human element to it and have a candid conversation with the tenant why you are raising their rent and how they are still getting a good deal.

Thanks in advance to anyone who reads this or replies.I've been reading Frank Gallinelli's book What Every Real Estate Investor Needs to Know About Cash Flow, and I have a slightly technical question that I thought I'd put out to this community.In this book, he talks quite a lot about money having a time element to its value, therefore, he reasons, in future projections, it becomes useful to discount money you will receive in the future to determine its 'Present Value' (PV).

Some counties have an interactive GIS map that will have ownership, zoning and other information for each parcel in the county.You may have to cross reference whatever you find with the local zoning ordinances to see what is allowed on your particular zoning category.

I always felt like you want to minimize steps and limit leads to a phone interaction.

Are buyers generally familiar and comfortable with interacting with trusts during their acquisitions?

These two elements will increase the equity and, in time, allow for refinancing the first property.And the current home that you are living in?

His reports are interactive and really easy to follow along with if you aren't able to be physically present for the inspection.