Live Diary of a Rental - How I Find, Buy, Fix, and Get It Rented
1.0 Introduction
I really enjoy reading other investors' diaries of their stories. I always learn a thing or two from what they did right and what they did wrong. It is also what led to my first diary on BP - I want to share my experience and hopefully other people can learn something and avoid mistakes I made.
It is a story of a rental property. I will cover the entire process of find, acquire, rehab, and rent. I don't legally own the property yet at the time of this writing. So what you will see is live – I will try my best to update the diary as things happen.
Please leave comments and feedback if you like what I am doing and more importantly, if you see some red flags.
The diary will cover the following topics:
- How I found the deal
- Deal analysis and my plan
- The rehab – finding and managing contractors
- Get it rented