Hey everyone!
I hope you're all safe and well in these crazy times. My name is Omar, and I am in the process of learning more about real estate investing. I have been analyzing deals daily in a workbook I built based...

I will definitely be following this to properly educate myself and yes I will definitely jump in!

As a new RE investor, I don't really have the proper tools to analyze this decision, other than thinking that the potential upside of renting is small compared to the potential downsides of a RE crash, future vacancy between tenants, falling rental prices, falling home prices, etc.

Remember, the interests are not aligned properly.

I haven't confirmed but I'm fairly certain that the basement isn't considered "habitable space" per city guildlines since it only has windows with proper egress in the kitchen area.My question is, how should I go about having an evaluation done to determine what I would need to complete to have the space permitted for renting without drawing unwanted attention that could have city inspectors knocking out at my door doling out violations?

If you are here, concerned about returns and sophisticated enough to properly analyze investment properties, you're beyond Ramsey.

How much credence do you give to successful exits between 2017 and 2020 pre-Covid (proper implementation of business plan vs  overall cap rate compression)?

I doubt that this guy's landscaping trailers and trucks are going to damage the concrete unless it wasn't done properly.

Whatever the seller and buyer agree to, that's the rate.For the record, interest rate is often not the most important factor for the seller; often, the actual amount of the payment and the total duration of the financing are the dominant considerations for the seller.For example, we've closed transactions where the seller receive ZERO interest on their equity.

Keep tabs on new age techniques (resin, etc.)Hire a live in manager resident that will gain ownership of the property through proper management and monthly dues that cover repair budgets, taxes, insurance, amortized purchase of the property, and management support from the GNA.GNA marketing: Looking for an apprentice steward for this property, and a partner in the long term equity to be gained from the property.