He bases the loan off of owned properties and the properties you bought in the last couple of years.

Sherman is about 30 minutes north of there and many of the biggest nationwide and local residential developers have bought land and working on master planned communities.   

In fact, we’ve been featured twice on the BiggerPockets Podcast, with our top episode being Show 794, where we dive into how we bought properties with as little as $100 down.Why am I sharing this?

They are an older investor that bought the property for their son to run, but he decided he was done with it and moved back home.

This is where I got started and bought my first house-hack and now I am a serial BRRRR investor.

You just bought your first property.

Bought the house for a good deal in 2020 at 2.50% int rate. 

I never bought into the BS ABCD area thing .

For instance my 90 lot subdivision at one point I had 90 legal descriptions and parcels on one master deed.. as I sold them off we just deeded them out separately.. its super common especially in older platted cities were lots might have been small like 25 X 100 and someone bought 3 of them and then built one home on all three.. some places they force merge them others you can go back and recreate the Old lots of record.. there is millions upon millions made by those that know how to find shadow plats and bring to life underlying parcels.

So that was my first partnership, we bought houses and I controlled the whole process and I learned so much.