I used prime realty property management for my 12-unit building until I sold in November 2022.

The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud. 

Starting your journey with a BRRRR strategy is ambitious and offers a solid path to building your investment portfolio.From my experience, if you're considering both the PDX metro and Salem areas, each has its unique advantages depending on your investment goals.

I know most wont do that but rental income to me is not going to move the needle when your main income is real estate fee's and building homes etc hard to get excited about 200 a month :) 

x 12 months: $7,488With Depreciation (lets take the 30 year, not worry about re-coup costs, and assume the value is all in the building and none in the land) ~3,333, add in the fact that you have a tax shelter (~$3,000) You've effectively made $15,000Pay off in 24 months: Now lets keep the math simple and pay off 1/2 of the remaining mortgage:  69,000 / 2 = $34,500 - $15,000 = -$19,000!

Other hidden costs you need to consider when evaluating HM lenders:-Applications Fees-Administrative Fees,-Commitment Fees-Underwriting Fees-Origination Fees-Loan Servicing-Rehab Draw Fees-Inspection Fees-Interest paid on undrawn rehab budget?

We've zeroed in on high-potential markets across the Southeast and Midwest, especially in Florida and Ohio, where multifamily, single-family, and industrial properties are flourishing.Here's why our Strategic Fund could be the perfect fit:Proven Track Record: SMARTLAND's team has a knack for finding properties that deliver reliable returns, thanks to years of experience and expertise.Comprehensive Strategy: Our fully integrated model takes care of everything—from acquisition to property management—so you can focus on building your future while we handle the heavy lifting.Innovative Technology: Our proprietary underwriting model and data-driven insights guide us in finding the best investments so your money works smarter.Transparency and Partnership: We invest alongside you and provide detailed reports so you always know how things are going.

I have an office in Old City (Center City) and invest in student rentals (175 student beds).I would be happy to connect with you on a gameplan to build your portfolio and getting pre-approved!

I'm starting to build my network in the US, so feel free to connect, I'd be more than happy to chat! 

And you would continue to cash flow, build more equity, plus reinvest the $20K.