I am a wholesaler out of Maryland looking to start content creating on my journey, looking to connect with some people that do the same type of thing.

The seller offered financing with 20% down, which I used to buy the place.After starting construction and realizing it was going to cost more than expected, I approached a small local bank that knew the property and would offer the rehab financing. 

It seems now we have a bull market and if it starts going the other way I would like my rental to at least continue to produce monthly cashflow...that's where I'm at now...still researching and seeing my options... $46,800/year in cash flow with $500k is a nice yield at 9.36% ($46,800/$500,000).

Keep the business, to make it easy for you to start your nextproject.O.

They now own 14 more properties than they did before we started working together just 8 months ago.

Good job on getting started. 

Unfortunately, with the number of pivots that are publicized and at inexperienced investor’s disposal, there’s never been more avenues for inexperienced investors to hold on too long.I hope inexperienced investors are mindful of this because I am constantly interacting with investors who are falling for these traps and doing immense harm to themselves, even if they may not be fully aware at the time of their decisions.It's crucial for investors, especially those just starting out, to recognize that not every investment will pan out as hoped (unlike what the gurus will tell you).

So I'm interested in getting started in purchasing and running self storage facilities and want to learn more.  

I then spoke with the buyer and his agent, suggesting we use a commercial lender I had worked with for over a decade, who could provide an answer within 24 hours, contingent on a new appraisal.

I spoke to her and they were going to do a light remodel (barely lipstick on a pig) and start renting the place.