This can give you a clearer picture of which route is more profitable long-term.Final Thoughts: Given the location and your dad’s construction expertise, holding onto the property and adding an ADU could create a strong cash-flowing asset and increase the property’s value.

There are best practices on certain items that provides a guidelines.Commissions are always negotiable like any other services, you can shop around for the best value for money.All depends on the risks that you are willing to take.

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

I agree with your advice on specializing in a particular asset class, and I’m committed to refining my expertise in this area before expanding further.

Private money lenders are not always individuals (my company, for example), nor do they confine their lending practices to friends, family, and other investors they know.

For large apartment projects, it is not practical to demand the return of all letters before closing.

We financed this deal with a combination of Partner Driven capital and Seth Choate’s expertise.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

The reason I’m pointing this out is to distinguish my post here from most of my other posts where I have specific expertise, knowledge and experience in the subject matter.