Begin with a small property like a duplex or triplex, build a strong financial foundation, and keep 6-12 months of reserves for emergencies.

If you’re considering leveraging hard money lending (HML) for this flip, it could be a strong alternative to traditional financing—especially since HML is quicker to secure and designed for investors aiming to flip properties fast.With HML, you’re typically looking at covering a significant portion of both purchase price and rehab costs, which keeps more of your cash free for other expenses or emergencies.

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

We all know this.Let's see how many days we have to wait before another "wholesaling is crap" post emerges in the wholesaling group!

Unfortunately, none of these idealistic procedures were disclosed or followed from the beginning of my journey.

Be sure to have funds you can tap in case of emergency or inevitable market dips. - Most Fortune 5000 (and others) companies do this.

Ask yourself if you’re confident you can achieve a higher return by putting that money into another property or investment.Reserves: Do you have a strong emergency fund?

By adhering to our standard procedures, we’re able to maintain consistency and fairness across all tenants, avoiding any perception of favoritism.Thanks again for your feedback!