1st investment property

[Michael Darten]

Hello BP family ! I’v been approved for a sweet private funding here in my local area of Las Vegas and I’m ready to invest ! On your first investment property did you chose a turn key or fix and flip?

[Bill B.]

First 1, first 10 for that matter, were dirty/stinky/dark/dank houses that “people wouldn’t want to live in”. 

New flooring, paint, bright lights, some landscaping, occasionally new appliance or two. (Currently switching all failing appliances to stainless, no repairs), A new fridge or washer/dryer can make all the difference to a tenant looking for a place to live.  Put up for rent and in 10 years I once had a property sit vacant for 2 weeks because it needed so much work before I would show it. 2nd worst/average is probably 3-5 days for a new lease with 5-10 day move in.