I would make improvements to the property only when doing so would cost less than the value added to the property.

And they essentially buy the property and then in 5 years, you refi and give them the down payment back.

Considering thousands of properties were built before 1978, I imagine the first year will be rocky.

@Zach Howard the winter months are also the worst time to sell a property!

JimGo to the city’s assessor’s website and look up the property record.  

Purchase price: $63,000 Cash invested: $23,000 bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab.

My first purchase, first property, I had a great realtor.

With proactive planning, they should be able to close on replacement properties within the 180-day period.

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

I have been talking with a few other real estate investors, some suggest to create a website to funnel potential tenants, setting up an automation phone line, and a callers list for screened tenants.currently have two rental properties.