We set up a debt instrument with the investor and pay them a fixed return over a period of time...24-48 months depending upon their needs...and then we pool that money with our money and other investor money to lend out. 10% is right at what we normally pay out to the investor and then we mark up the deal a little bit when we lend it out for our operating costs and profit.

But I can't help but think that I could benefit from the occasional discussion about real estate strategies or bounce opportunities off one another.Coach Carson's RPM program details below:Cost: ~$2500/yearBenefits (form Website):Personalized Coaching: Members receive direct support and feedback from Coach Carson and selected coaches, including monthly group coaching sessions, one-on-one "hot seat" calls, and small group coaching within Action Teams.Action Teams: These are accountability groups of 8-10 members that meet weekly over a three-month period to set and achieve goals, fostering perseverance and resilience among participants.Comprehensive Resources: Members have access to a repository of documents, systems, checklists, and more in the community swipe file, including tenant screening criteria, due diligence checklists, and rental analysis spreadsheets.Exclusive Community: RPM offers a private community of like-minded investors who prioritize time and freedom over scaling rapidly, providing a supportive environment for shared learning and growth.The Group Targets:Investors with experience owning 1 to 8+ properties, whether short-term (e.g., Airbnb), mid-term, or long-term rentals.Individuals who are coachable, hardworking, and value time and freedom over aggressive scaling. 

I asked to see this executed agreement between him and the bank, and he tells me that it is a 3 month trial, and that there is no written agreement from the bank until he fulfills the terms of the trial. 

In Rancho Bernardo the neighbors complain about unpermitted units)Due to the housing shortage, the state passed a law that basically grace period existing “safe” unpermitted units.  

However, they provide a time period to fix this - ie usually 30 days. 

I would buy 1 quality local single family home ASAP, under full market value, so I have an out if I want to sell.I would buy this property with the mindset that I am going to hold it forever, but with a 2-3 year “ trial period” mindset too, where if I don’t like REI and landlording, I can sell and still recoup my money and dump it into index funds.REI isn’t for everybody, but I’m glad I’m doing it.

The ones that do blink are an abomination and the people who design them that way should be put on trial for crimes against humanity. 

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

Thank you so very much for this excellent DD period workflow!

The cost come from 4 major sources, namely, Mortgage, property management + maintenance, home insurance, and property tax.Mortgage: From the loan amount/remainder, calculate monthly payment across the loan term/period (often 30 year/360 months.)