Im in the Indianapolis market and I have some land I would like to put up a structure on.Can someone point me in the right direction to start learning how best to tackle this first one and subsequent ones.I appreciate any help you can provide.

This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

As an owner builder, I built 3 ADUs and 1 JADU (subbed out the structure build and I did all the finish work).

Hey Rashim, I've worked with a bunch of Canadian investors that purchase in Detroit.The key is to set up your entity structure so you don't get hit with double taxation.

Picking a house with major, costly structural issues or in a location with poor rental demand can hurt both the rental and refinance phases.

Also houses that move 2 to 6 inchs and now you have major structural problems.. etc etc..

If you don't want to physically be there, look into Showami.

Hey Ismael, When structuring seller finance deals, you essentially give a bit more on the purchase price but get good terms.

If I were you, I would also want a 3/2/1 prepayment penalty structure, if you can get it.