Hello all, Let me introduce myself: I'm an EU citizen currently living in Valencia, Spain and thinking about doing a fix & flip in the city.

My question: How could we ever buy another house with our tricky situation, and still keep my current house for rental income?

Hi @Pamela GuillenI currently live in NC and there are some really great opportunities.

Run  some 220V wiring in pvc underground (licensed electrician) to power a good pump if you have space/amperage reserve in your electrical panel. 220V requires less current to run than a 120V for the same power, so it's more efficient.This guy has a lot of good videos on diy yard drainage systems.

➡️ What is the degree of current condition for units that need major renovations?

I’m currently advertising 5 separate units and everyone trying to apply is having error codes pop up.

. 😊  I've been thinking more about your question based on my LA experience, and some great advice I've read from three days of lurking here on BP from some RE veterans, based less on my fantasy but more on what I would do with your idea to start out at 1.5 and move into 3-5 million houses.First, it's all going to come down to your goals, here's a quote about that from Don Konipol (from the forum post https://www.biggerpockets.com/forums/519/topics/1150499-the-...Quote from @Don Konipol:IMO, the financial reasons for investing in real estate include 1- Asset Preservation2- Increase Wealth3- Current Income4- Tax MinimizationWhile these four are not mutually exclusive, the more you benefit in one area the less will be the benefit in the others, given normal market conditions, unless you uncover something everyone else has missed.

You would be able to cashout upto 75% of the current value with a 30 year term .

Hello,I am currently conversing with a PM to determine if they are a good fit to manage my property.

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:My friend and I are contemplating joint ownership of a property where they will live and cover the mortgage, while her and I contribute 10% down payment.