Successful investors often diversify their strategies based on the specific circumstances of each investment.

Their portfolio page had a project that I was familiar with and based on what I knew I didn't think they could have been involved with it.

We've gotten loans from banks on properties based on their market rent.

Do I install white subway tile 2x6 like always or should I go big 12x24 less grout lines means less mildew.

But on the LP side, a base hit can leave you with a very modest return (if not a modest loss).

Based on what you have in cash and also in debt, I would speak with a few mortgage brokers to see what you could qualify for while leveraging your money so you could scale.

View report*This link comes directly from our calculators, based on information input by the member who posted.Somebody help me execute a successful BRRRR calculation please....figures and whathave youThanks

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

I still need to pick a carpet, get it installed, and find a contractor who can do the bathroom conversion (I definitely cannot do that).Would love to hear other's experience diving into doing DIY for the first times.

Im a Real estate agent based out of Queens, New York.