The house was on a crawl space, which will become important later. 

It’s also important to really get to know the neighborhoods you’re considering.

Verifying last 2 years of rental history very important!

Effective  12/1/2024 @ 12:01a the Louisville rental registry requires the 16 page Lead Hazard Evaluation form in addition to the Affidavit of Compliance. Don't forget about your LMRC# and your registration fee!

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

However it is important to remember to make sure you have a plan to pay that loan down and not allow that credit card debt to climb back up.

Attention to detail is important in this business.

This makes sense, especially regarding the impact of rate increases on BRRRR and the importance of pivoting strategies.

Your understanding is generally correct, but it's important to distinguish between assignment (where the wholesaler doesn't own the property) and double closing (where the wholesaler temporarily takes ownership of the property).

@Sino U.I would save more money or look into a DSCR loan.Where is important.