![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1778608/small_1695605166-avatar-gabeb22.jpg?twic=v1/output=image&v=2)
22 July 2024 | 21 replies
Essentially I didn’t make enough to qualify for this loan.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3081910/small_1721633251-avatar-jamese460.jpg?twic=v1/output=image&v=2)
22 July 2024 | 6 replies
As you begin, it's essential to familiarize yourself with the key concepts and strategies that will help you succeed.First and foremost, building a strong network is crucial.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/183883/small_1621431637-avatar-johtimp.jpg?twic=v1/output=image&v=2)
23 July 2024 | 5 replies
@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern: In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3078596/small_1721254732-avatar-ryank762.jpg?twic=v1/output=image&v=2)
26 July 2024 | 37 replies
Lets say you hypothetically initially rent a house for 2k/mo and are essentially breaking even and not making any cashflow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/252837/small_1674053154-avatar-ginobarbaro.jpg?twic=v1/output=image&v=2)
22 July 2024 | 71 replies
I would say the three biggest reasons why people don't achieve financial freedom are: 1 fear of investing/losing money and will put it in something like a CD and be happy with 2-3%2 spending too much money on non-essentials like eating out, nice cars and primary housing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2959064/small_1709049582-avatar-hardyd2.jpg?twic=v1/output=image&v=2)
22 July 2024 | 3 replies
The interest actually goes back to me so it’s essentially just an opportunity costs question about losing $50k of retirement investments with effectively 0% interest.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3082495/small_1721686847-avatar-sarav44.jpg?twic=v1/output=image&v=2)
23 July 2024 | 4 replies
You can't always get someone out immediately to fix things-you need to call right away (as soon as they open), but the rest is often out of your control and waiting 1-2 days for a non-essential appliance isn't the end of the world.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2175068/small_1696945794-avatar-samm427.jpg?twic=v1/output=image&v=2)
22 July 2024 | 3 replies
Essentially, you're going to have to work a bit harder on the social level vs a guy with the same experience as you but is 40 years old.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2444071/small_1651359456-avatar-adamp392.jpg?twic=v1/output=image&v=2)
22 July 2024 | 9 replies
Yes, this is pretty normal - generally conventional loans like this are super competitive (since everyones essentially offering the same product) so shopping and finding some deals especially with smaller banks and brokers can yield good rates well under the "prevailing headline market rates"
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/86137/small_1621416232-avatar-thepiperdown.jpg?twic=v1/output=image&v=2)
24 July 2024 | 46 replies
Don't know all the details yet, but I found this link which gives you a better idea of what they do and how they promote. https://seniorlivingsmart.com/...Essentially, you join their network, become a "certified buyer" and promote the "ease of transitioning" out from ones house in a quicker time frame, no realtor fees, etc.