Manage the Property: If renting, manage it effectively and maintain communication with the seller.Advice and Tips:- Educate Yourself: Understand legal and financial implications.- Build Trust: Establish rapport with the seller for ongoing communication.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential. 

Now, in July 2024, competition has waned, but home prices are hot, and rates even higher.

Self bio: 19single single-family homes rented and self managed all local all BRRRR style, cashflow avg 320 per home.  55% dti.

So a modular home fully built in china and shipped here will be out of question. 

2nd home mortgage at 8.625%, will be refinancing end of this year or early next year.

We have been fairly aggressive with price negotiations and seller concessions to contribute towards costs and improve Cash on Cash returns. 

Your home isn't supposed to cash flow.

I'm particularly passionate about building custom homes and using  the BRRRR method.Outside of real estate, I enjoy ATV riding, playing soccer and basketball and also traveling the world and connecting with new people.Excited to learn and connect with you all!

We just hope he leaves without destroying what's left of the home.

Looking for advice on selling my home and buying a multiunit.