My husband is selling his rental townhouse and we are using that money to build an ADU on our property in order to rent it out.

Before building out this offering I wanted to ask the community.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story Pins Mechanical venue.

Suddenly, $120 for four-plus hours of management doesn’t seem too bad.Purchasing rental property is a great way to build equity and diversify your portfolio.

Occasionally you can achieve cap rate compression for growth or the building comes with extra land for some value add but that's not a given.

Slightly off topic- on top of Brandens tip of telling tenants your the building manager, get a phone number with a different area code.

The Epic Pro Academy talks about the followingContract AssignmentsWholesalingFix and FlipBuy and HoldLease OptionsOwner FinancingSubject-toPresenting multiple offers to sellers called a 3 option letter of intentLead Generation (in my opinion a little old school but works)Advertising (My personal stance is don't create a huge buyers list but build close relationships with 3-5 and go shopping for them (buyer first).)AutomationIf even one person was able to have success following the course then it works.

Building a rental portfolio How did you find this deal and how did you negotiate it?

Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.

@Brooke Andrea were the new builds the ones in Cape Coral by any chance?