Strategic patience pays off.Good luck, and keep building your knowledge and network—you’ll find your way forward!

SpeedBanks: Can take weeks or even months to close a loan due to really extensive underwriting processes.Private Money Lenders: Close loans usually in days to weeks, which will make it best for time-sensitive deals like purchasing a property or rehabs.3.

Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.

I will go so far to say that the sub-metering was the WRONG choice for us, given the cost, and given that if push came to shove, it would not hold up under scrutiny - by tenants, in a court of law - and therefore by extension, us.

Working with someone with proper knowledge about the market you're looking in is imperative for this.

I can't think of a more extensive network of investors to lean on for advice than BiggerPockets.

This place has been a wealth of knowledge to many, and I hope it is to you as well. 

Knowledge is power, are you staying on top of things?

He’s at the mercy of someone else’s expertise, motivations, personal interests, perception, and knowledge.  

Wonderful people and knowledgeable.