If you're in a growing market, you shouldn't have any qualms about raising rent 3% to 4% every year.Also, as far as wear/tear repairs ago, if you are going to be spending 15% to 20% of yearly rental rate on home improvements, it just means you are responsibly taking care of your asset.

Hello all, I'm looking to purchase my first personal BRRRR deal in Chicago and I'm a real estate agent. Here are the specifics:Property Type: 2-flat sold via HUD. (First Floor: 2bd/1bath & Second Floor: 3bd/1bath)...

If you enjoy the challenge of trying to improve your investment, being hands on, and possibly making a better return.... go with real estate.

Use that to make contacts and learn the market and inventory, while producing a steady income.

I talked with VRBO's customer service and they let me know that they are aware of the issues with their calendar and are working to improve it but I've taken a few of my listings down due to their old technology.

I know that inventory is ridiculously tight right now which is fueling the overbidding.  

There are other calculations that you have to factor in to get to your adjusted cost basis such as recapture of depreciation and adding capital improvements to the basis.- Can I use the closing cost amount of the old and new home as part of the tax free money I can spend from the 1031 exchange or these closing cost are purely out of pocket amounts?

Good returns on newer inventory and top notch management at only 8%.

Apply for home improvement store cards as a backup source of funds for rehab supplies.

If it doesn't close in March or early April then we could back out then and hopefully there will be more available inventory.