The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

“Ricardo, I like the way you’re thinking—turning a 2-unit property into a 4-unit is exactly how you create value and scale quickly.

They are houses that nobody wants, which is why you can buy them for the price of a used car.And you are correct - real estate does not scale quickly when you are starting out.

Sometimes only one person to help you and they're not quick, or not cheap, or you just don't like the way they work? 

A prudent investor doesn't seek quick riches through shortcuts.

Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance. 

When I meet with property owners, I give them all the options: quick cash sale, seller financing, list it publicly, etc.

You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

Actually pretty safe, another 20 foot higher than this flood stage.