A wise investor will not try to get rich quick with shortcuts.

A wise investor will not try to get rich quick with shortcuts.

A wise investor will not try to get rich quick with shortcuts.

He finally understood how the regulations on STR work and asked if I “do Airbnb”.

But wholesaling is active income, not passive.With a good savings rate, you could replace your income in under 10 years through rental properties, but it will take a lot of hard work and not be fully passive.

The ones i am finding seem to be pricing us very high as we are out of state. need someone who is fair, quality work, and wont F### us over lol

@Logan Singleton Can you explain a bit more how the second mortgage would work and the blended rate? 

A wise investor will not try to get rich quick with shortcuts.

I know EXACTLY where and how my numbers work and if I take longer than expected on construction and the sell (dispo- Sale)Let me ask you a question, if I loaned you 100k at 20% interest and you had no money out of pocket cause you used a gap lender at 9 %, and you still made $15k in 3-4 months OR MORE (I shoot for 15% profit), would you use the hard money loan to gain experience, knowledge and then leverage into better Interest rates the more you do?

Thank you in advance.Also as far as what I put in the letter, I usually say that me and my partner are looking for properties that need work, and can pay cash and offer quick closing.