They are profiting more by them not being rented than them being rented, based on what you’re saying.

Some other great resources I recommend as a real estate investor myself are: "Rich Dad Poor Dad" by Robert Kiyosaki, REtipster (www.retipster.com), and Rental Income Podcast with Dan Lane.

@Teho Kim - By the numbers you mentioned it looks like the labor for the rehab is $60-70k.

I started looking into real estate as a way to financial independence around that time and was offered to buy my first property by a family member who was looking to leave the investment world.

Start by joining local real estate groups, studying the market, and learning more.

I think the new home by its self is 400k.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey Everyone, I'm really curious on any and all of your creative thoughts on how to structure this deal.

Two days go by and I wake up to a text message from my tenant of a video of the basement flooding with an active leak at 6:50AM.

Actual Questions I’ve Been Asked by Borrowers/Brokers1.

Remember, the cost of a mini split is really driven by the number of head units inside and not the outside unit.