It’s a game-changer for getting into a 2-4 unit property with low or no down payment—perfect for scaling.You’re doing all the right things—learning, networking, and making moves.

They have no skin in the game, they'll just move on to the next owner.

Ron Fossum, Norada Capital Management’s cleverly concealed CFO, was barred by the SEC in 2018 for similar fraudulent activities to those he appears to be engaging in now at Norada Capital Management.3.

I know the podcasts and books speak about being in a deal with zero skin in the game, but that is an outlier situation not the norm. 

Seek out those who’ve been in the game for a while.

Best of luck as you jump back into the game 

But I can tell you that I regularly hear from the grapevine about the shenanigans some of the supposed reputable developers are engaging in.

I have other projects I am doing too, and understand the consequences of the engagement. 

My take: Gather intel on the area (neighborhoods, tenant demand, property management), have a game plan for your numbers (cash flow, maintenance reserves), and adapt as you go.

In my opinion, TXTing takes out more from you then actually bringing in - It often feels like a constant game of cat and mouse with phone carriers.