This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

That’s where having the right resources becomes not just important, but essential.

The easiest way to understand why is to ask yourself how mortgage rates have been able to move down by more than 1.5% since late 2023 despite the fact that the Fed never cut rates during that time.The same principle works in reverse as well, as seen during the massive rate spike in early 2022 when mortgage rates moved 1.5% higher before the Fed ever hiked.How about an example from the last time the Fed actually cut rates in a non-emergency scenario?

-STRs were essentially eliminated by the city, removing a potential investment class of properties-MF went from non-existent to overbuilt-Flips have been hurt by high interest rates and brutally low appraisals.

Capitalizing on the power of referrals is another essential strategy.

Essentially all of the focus is on the approval process.

Additionally, the other percentage mostly have some type of job that is essential or they are street smart and know how to hustle work for a buck!

When going through the BRRRR method, it’s essential to carefully plan each phase.

"A business plan is an essential roadmap for business success.

I’ve also gotten 2 great deals from what were essentially pocket listings.