Sellers have emotions, fears, and motivations—figure out what they need and structure your offer accordingly.4️⃣ YOU’RE FOCUSED ON THE WRONG THINGSIf you’re only thinking about your check, sellers will feel it—and they’ll shut down.Instead of worrying about your assignment fee, focus on solving the seller’s problem.✅ Are they facing foreclosure?

I did with with mine and pay myself back interest included but I don't if that's an option your plans offers.

I know that this is a big risk property but I believe that it has the potential for high return if I can get all of this permitting and renovation work figured out on the front end.I'm just looking for any advice on how to cover myself on the front end prior to making an offer and how to expedite the work so that I can get renters in and start recouping on the investment as soon as possible.

Some lenders even offer VA renovation loans, which could help if you find a property that needs a little work to maximize rental potential.Before jumping into a deal, check local rental laws and HOA rules.

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

My agent @Jake Fugman caught wind it was about to be listed again, we got in prior to that happening and made an offer.

Of course it is very important to do proper due diligence on the investment and the operator.As far as self-directed IRA there are number of companies offering such service, this topic has been discussed here on the forum many times so you should search using this keyword and learn from those discussions.

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

The market here offers strong appreciation, but we don’t just rely on that—we focus on highest and best use.

You should ask them how their other creditors handle their payments.I used to offer 5 or 10 day grace periods such that rent was due on the 1st, but no late fee until 10 days later, then I reduced it to 5.