This gives you experience as a landlord and minimizes housing costs while building equity.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

I try to minimize what I surround myself with so I can really enjoy my environment.

Just think about this mentorship contains at lease 3-4 completed courses that you pay at minimal 1K to just get the videos.. it is more than that.

While the cash value of those policies CAN be leveraged, real estate investors use policies that are optimized with maximum cash value and minimal death benefit and fees. 1.

Lender 2 requires 6 months reserves. they want the borrower to document any large deposits and they want mortgage statements on any investment properties listed on the 1003.The point is different lenders do different things and it's important to not generalize as a broker, but interview the borrower, find their pain points and marry them with a lender that will minimize those pain points for a successful close. 

We have been pretty lucky with the tenants we have placed with minimal turnover, 1 eviction and that was non section 8.

Knowing the area provided a solid foundation for your investment decision, and using cold calling to find this deal allowed you to negotiate directly, potentially minimizing competition and costs.

Look hard for potential start up cost to minimize overages.