How did you find the property?

I need to hire contractors for various renovation projects, such as a new soffit, bathroom renovation, etc.

I'll need somewhere to live when my lease is up in 2 months. - Long-Term Goal: Refinance/take out a HELOC on the first property and use it to purchase a second property.

@Ben ScheinRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Hello @Moe Collins,The type of property you buy should align with your financial goals.

Quote from @Vijender rao Karody: Hi,My name is Vijay and I am a real estate rookie looking to diversify my financial portfolio by way of an investment property (long term rental), preferably duplexes but open to suggestions on others, looking to connect with agents as wellThanks for your timevk Hey Vijay, welcome to BP!

Has anyone developed any properties in the Chelan area and sold them for a profit?

I have loved all the areas I have lived in and have always wanted to buy an investment property in the area.   

I'm also not seeing what you think the property will be worth in 5 years.Hey @Jaycee GreeneWhat I’m getting in the calculations is:Mortgage: $2782Taxes: $226 Insurance: $165Variable Expenses (15% Maintenance/CapX/Vacancy) : $630Fixed Expense:$50 ( for water , although likely would build into rents)I would guesstimate with repairs the property would be worth around $650k so a potential of year 5 value of $718k@Daniel Jodrey I assume those operating expenses are for the entire duplex, not just the tenant's portion?

We started in the summer of 2021 and now have 6 properties 8 doors.