They could make more money working part-time at McDonald's.I think construction is one of the best opportunities if you can find the time.

•On the flip side, a bank savings account offers one of the lowest interest rates and returns on investment, but it’s also one of the safest places to store money.

They are very persistent in raising money for their other funds once you’ve invested in one…which makes me further suspicious.   

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

It would cost us $67.5k (downpayment, repairs, loan costs, refi costs + home insurance/property taxes) upfront BUT we would then pull money out.  

Hope you don't put down large earnest money deposits... these guys will make sure you lose them! 

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

Seller financing, private money, and subject-to deals can open up opportunities that others might pass on.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.

Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.