I would highly recommend passive investing which will allow the experts to take the risk and acquire the debt and manage the toilets, tenants and trash.

Their coach told them to specifically seek out these deals believing they can only be acquired with these seller finance terms and wasn't even aware construction financing existed that could easily take down this particular deal.  

Give yourselves options, buy for the long term, and acquire good deals.

It was acquired at the end of 2022, so rates were climbing and rents in the area were starting to slow down. 

For example, you can say that you did 15 projects of quad plexus using “xyz” lender or you did 9 SFR rehabs with “ABC” lender or you acquired 25 commercial strip plazas with so & so lender”.  

The goal is to acquire enough rental properties to generate $10,000 in monthly cash flow after expenses.

My name is Jack and my partners and I just acquired some rental properties in Cape Breton recently as we view there being an opportunity for growth in that market.

I also have significant equity in my home, which I believe gives me a HELOC option for acquiring my first property to BRRRR or flip once I feel educated enough to  do so.The BP podcast has already taught me so much, and I'm gratefully here hoping to learn, share, and apply all you amazing people have to teach. 

I've seen a few clients get screwed when they acquired properties and State Farm had issues with their roofs (the roofs were fine!!). 

EVERY property has some deferred maintenance and unaddressed repairs, and so you'll have to deal with those when you acquire.4.