With your income, you may qualify for an FHA loan with a smaller down payment, but buying now could limit your borrowing power and increase monthly payments.

I believe he said around 250, which seemed to be a lot given the small market they’re investing in, and the man power it would take to produce that much deal flow while servicing clients.

You could easily be $100k in for water/gas/power/sewer if you’re talking 4+ lots. 

Knowledge is power. 

Unfortunately, you have no power over the tenant until you own the property.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

This is just bad banking practice and FTC should be aware of digital platforms like Baselane in many ways abusing their powers and washing their hands off. 

Leverage is one of the most powerful tools in real estate investing.

The power of community!

Every task must be completed diligently and on time.If you wing it, you're gonna miss something, you're gonna mess something up.So, be proactive, stay organized, and keep your power team aligned to ensure a successful closing.