My ultimate life goal revolves around investing in communities where I can actively contribute to the flourishing arts scene.Lately, I've teamed up with a group of like-minded friends and investors 🤓, and together, we're embarking on a mission to acquire properties in out-of-state markets that are closely tied to artistic hubs.

**Financial Security**: Being young and living in NJ, I want to build a strong financial foundation first to ensure stability before taking on more leveraged investments.This approach might be slower than the BRRRR method, but it provides peace of mind and a secure starting point for future investments.Pros and ConsPros:•Initial capital boost from flipping the first house.

So, this created a few issues along the way and ultimately a loss of potential profit.

Ultimately I think a lot of us are in real estate because we have found a way to make real estate fit our lifestyle and goals for the long term.

We invested $20,350 to modernize the home, increase its curb appeal, and ensure it was market-ready, thereby significantly boosting its market value.

Start with BiggerPockets Ultimate Beginners Guide (free).

The tenants - those actually occupying the rental - are ultimately responsible for the rent.

It is ultimately your community, so you shape your own future.

Hard money and private money loans can ultimately feel like high-stakes games, but if you have the appropriate plan in place and add a little comedy to the mix, you'll discover that the trip was well worth it in the end.

Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term