For each property, I have a few accounts including a high interest earning savings account for reserves within the platform.

It really doesn't apply as much anymore in most markets because rates are too high and homes are selling for too much. .75% rule is more viable and would be the new 1% rule in this market.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

This video is a great start and includes a lot of sample images (good and bad).

I’d hate to see you walk away from that high an income and regret it.

If you have a high level of faith in the company you are working with, then time will do what it is supposed to do and increase your IRR.  

If either you or the investors are not highly experienced, this system is very very difficult to slow the first couple flips profitable. 

I'd highly recommend Scott Kind, CPA - 518.461.1699.

In New Jersey, there are numerous brokerages to chose from, and I highly suggest you do a google search and look into 100% virtual real estate brokerages in New Jersey. 

Rates are usually in the high 8s or low 9s, and you are likely going to pay 3-4 points for these loans.