I have been apart of the BP community for many years, however have still not made my first purchase.

Hi Taylor, glad to have you on the forum! 

Looking forward to learning and sharing with the community.

Additionally, the management companies would take around 10% of the rent for their services.Given this, I’m exploring whether it would be a smart move to refinance when interest rates drop, and possibly form an LLC to transfer the property into.

Tenants leave the 15th and I plan to patch holes that evening and paint + hire cleaner on the 16th and have new tenants move in the 17th. 

I'ts time to make the leap!

We bailed the previous owners out of foreclosure and refinanced the house.

Here are the fastest-selling ZIP codes in America in the second quarter of 2024.Snohomish County just north of Seattle coming in at #1Obviously this makes finding deals in these locations harder to find which is why working with the right people matters now more than ever. 

I have been watching the markets for the past year or so looking for a property that I can use the BRRRR method on, but what I have been seeing is that the homes that require work are selling for WAY more than they should in their condition.

Do you think the potential for appreciation or cash flow in Texas outweighs the tax burden?