Modern day HML's who work with real estate investors assess a property based on it's ARV, which allows borrowers to get capital for the entire project.For example, if someone is purchasing a property for $100K, renovating it for $50K and expected ARV (After Repair Value) is $200K, then a lender may approve a loan for $150K.

We will have to save the old fashioned way for those I think. 

He used his youth and the principles of the "snowball effect" to create generational wealth that can still be seen today with modern manWho was the first landlord?

I want sufficient insurance, but if something catastrophic were to happen I would construct under more modern building methods.

Hey RObert,With all the modern tech, it's really easy to do a deal from out-of-state. 

Is it better to go sit in a classroom and learn the old fashion?

By using the HELOC model, I could use the equity when needed (no mortgage payment until funds are needed) and pay back the HELOC in an accelerated fashion. 

I rehab and wholesale in Topeka and look forward to purchasing cash flowing properties in a similar fashion.

We've always purchased turn-key properties and are now thinking of buying a true fixer-upper at a lower cost and renovating (i.e. adding higher, architecturally interesting ceiling, ripping out walls, and designing a modern space, etc.). 

What are the modern ways to accept rent payments?