I am new to real estate investing and have recently acquired my first investment property, a SFR in Austin, TX.

When you didn't get the invoice after the first week, you ask them to halt work at minimum.

The population, as per the US Census Bureau, is officially increasing as of 2023 for the first time in nearly 70 years.

These are the few numbers I have (purely based on first conversation) Her operating costs are about $900-$1000/month. about $450 for the county to come inspect once a month, costs of upkeep, meter reading, invoicing etc. 

For the first few years I would post during renovations and even show the units to multiple applicants but I found that 98% of them lacked the vision to be able to “see” what the finished project would look like and then after the original pictures were sent or the showing I lost pretty much all of the applicants.

I would absolutely love any tips and teachings on how I should finance my first rental along with when we get to the duplex.

I am not at all sure that a first floor formerly retail space like we have so much of in OTR can be converted to residential use without full code compliance even when the building is zoned for mixed use.

@Stephen Dispensa It was quite overwhelming when my broker first told me how much the property tax will jump once I purchase vs what it is now.

s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!