Hi, it's me again. We bought a pre-construction house where we're moving to but that we intend to rent out after a few months. Which upgrades from the developer are worth it and which ones are to avoid? I know that th...

To be more transparent, if a home run deal is on the table, they will likely toss it to one of their past clients who provides them a lot of business.

Flexibility: Operating solo provides flexibility in terms of project selection, timelines, and exit strategies.

Here's a breakdown of your options:Option 1: Buy a Duplex and House Hack:Pros:Opportunity to build equity through property ownership.Potential for rental income to offset living expenses.Experience in real estate investing and property management.Cons:Market conditions may make it challenging to find a duplex with positive cash flow.Limited flexibility if you decide to move or expand your real estate portfolio.Option 2: Buy a Single Family Home with Airbnb Potential:Pros:Potential for property value appreciation through renovations.Airbnb income could help offset mortgage costs, especially during the summer.Greater flexibility in terms of future use (long-term rental or full-time Airbnb).Cons:Airbnb regulations and demand can vary, requiring thorough research.The seasonality of Airbnb income might not provide consistent cash flow.The initial cost of renovations and potential difficulties in property management.Option 3: Rent an Apartment and Wait:Pros:Flexibility to wait for more favorable market conditions.The ability to save money for a larger down payment or other investments.No direct responsibility for property maintenance.Cons:Potentially missing out on current low-interest rates.Renting doesn't build equity, and rent prices may increase over time.Additional Considerations:Market Conditions: Keep an eye on the local real estate market trends.

It can provide you with a number of benefits, including lower maintenance costs, fewer repairs, higher quality tenants, and the potential for appreciation.

By clarifying how assets are depreciated, we may provide considerable tax benefits to our investors.

My strategy this year is to simplify my world, and sell off all my single-family rentals, and one duplex.More than happy to connect with you and provide any insights I have.  

I have learned so much since finding the bigger pockets pod cast and I am so thankful for the extensive education and thought provoking content provided ny the two awesome hosts, David and Rob as well as all their great guests. 

There is no requirement for you to provide personal income, taxes, or balance your DTI with your next investment acquisition.

Utilities provided by the municipality can become liens on the property if unpaid.