This means that any difference in price between purchase and sale is considered taking profit.  

For finding my first properties, word of mouth and local networking worked well, plus reaching out to hosts on Airbnb with personalized messages.When pitching, focus on how you’ll add value (like boosting reviews or optimizing pricing) and avoid coming off too salesy.

I priced out a 85LTV DSCR at 7.625% at par with a 3-2-1 prepay yesterday. 

Hey Tom, there are multiple areas in Columbus, Ohio that can give you decent cash-flow and are at solid price points.

Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.

The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.

No matter how well you plan, surprises will happen—hidden water damage, electrical that’s not up to code, or even just material price hikes.

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

Hello, BiggerPockets community!
My name is Jay I'm excited to join this platform as a new investor based in Charlotte, North Carolina. With one successful flip under my belt, I'm eager to connect with fellow investor...

Lower your offer price and move on.