Ensure you have a solid understanding of the renovation costs and timeline.- **BRRRR (Buy, Rehab, Rent, Refinance, Repeat):** This strategy can be lucrative, but it requires careful planning and execution.

Just came off his webinar which was obviously a replay even though they made it appear as live.Lots of sales techniques like social proof, testimonials, people buying it live, time scarcity...understandable else it's proven that people don't buy combined with the fact that Jerry is a busy man...Have things changed as of today?

The key is understanding your risk tolerance, time commitment, and financial goals to find the right balance.

Understand that the cost to the investor is only the cash that's out of pocket. 

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

However, when seeking a non-recourse lender, I suggest starting by reaching out to lenders who specialize in working with self-directed IRAs, as they’re more likely to understand the requirements.

We understand that tax complexities can be challenging, but our experience shows that many of these barriers can be overcome with a strong local team.

I can understand hiccups but there is no excuse for ignoring emails and phone calls when there is a problem.

It's important to understand the zoning/code requirements and obtain all necessary permitting if you intend on operating your real estate as STR anywhere in the country.