For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

It’s exciting to see how doors open when you have someone who knows how to navigate the space.I just wanted to share this because it’s been such an eye-opening experience for me.

If your manager is just 'keeping an eye' on things, collecting/reminding on a few rents here and there and some light cleanup while being compensated in free or reduced space rent then classifying them as 1099 subcontractor is great. 

Too many just get $$$$'s in there eyes and take on anything and everything. 

Screening and placing a tenant, they know local rules, they have eyes that can see the property and know what is going on there.

I'm still actively searching for a solid contractor as I eye a BRRRR in early to mid 2025

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

Having both licenses, opened my eyes to both worlds.

I'm not sure what group you have your eye on, but I know that Michael and Elizabeth Chang has one of the best STR arbitrage groups out there!

As many of you can probably relate, this book opened my eyes to the power of the dollar, and it got me interested in real-estate.