It’s been a while since I started my series chronicling my quest to purchase, renovate, and fully occupy my newest rental property. When last I wrote, I had just closed on the property. The past two months have been a slog through renovations, evictions, and a number of other annoying (but necessary) issues to address.
I recently stumbled on a new tool that has hugely improved my ability to bid and manage repair and renovation projects from out of state: Thumbtack.
Last time I wrote about my recent property purchase, I had just resolved the last bit of haggling over price after reading the inspection report. Now that I was committed to purchasing the property, I needed to do my part to complete the transaction.
When we left off last week, I had found a great property in a great neighborhood with a minimum of 13.64% cash ROI… but now I had to try to get it for a great price!
The adventure of acquiring a new rental investment continues! In this article, I hunt for, find, and analyze a great duplex in a prime location. Find out how I found it, and how I knew it was a good investment!
Meet the members of my real estate team, learn how I found them, and how each of them contributed to a smooth and profitable out-of-state rental purchase.
Learn from my first-hand experience hunting for the perfect real estate investment. In Part I, I define my niche, my budget, my ideal property, and go on the hunt for the perfect market.
It started with little things, and ended with a battle over who is in charge of my property. Read within to see why I’m firing my property manager.
Turnkey Versus DIY Rentals: Find out which real estate investment option is right for you! In the end, it comes down to your personal investing goals.
Finding great rental properties isn’t rocket science. You just need to apply a consistent approach and a tiny bit of intuition.