Don’t waste time working on impossible or near impossible deals just because you have extra time; spend that time in efforts to find doable deals.2.

I'm not a home inspector, but I point out many items to the buyer, so the buyer enters into the purchase agreement with eyes wide open before spending money on a home inspector.

Imagine having getting 150,000 points intro bonus for spending 6k in 6 months for Amex or Chase for example.

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

One of my clients that does heavy rehab and is his own GC usually spends about $10k-$20k/month during a project.

And I may just try to extend the building.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Fine a seller financing deal 10% down interest only payments for 10 years 4% I/O with option to extend until a ballon payment.

FHA is still pushing Covid workouts actually, and currently have extended them through April 2025.