Despite the initial low purchase price, our strategic investment and fast turnaround led to a strong profit, demonstrating the success of our collaborative effort with Amanda Frecks.

I hopped on the roof with the garden hose to defend the property (even though initially it was contained) when suddenly an ember spread to a palm tree (that had been neglected to be trimmed for years) that instantaneously atomized/vaporized into hundreds of embers and spotted fires on several homes.

Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.

You would have earned 9% on the initial $5K invested, or $450.  

.• Retirement communities• Syndicates (from initial explorations, little transparency from providers, little oversight - almost leap of faith and trust in provider?)

Many conforming brokers/lenders now offer DSCR programs.The only current upfront cost is for an appraisal - which go through AMC's.Only two other decisions:1) 30 fixed rate or some type of ARM with lower initial interest rate2) Length & type of prepayment penalty.

If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.

The Fed’s cuts in 2024 initially moved mortgage rates downwards to their lowest level in nearly 20 months.

Should I stick with my partners for the initial flips or go the hard money route?