Using credit cards to advance renovation, particularly longer lead time purchsases is fine but as a general rule of thumb if you don't have the cash in your bank account or an already originated real estate loan with drawable funds to pay that card own, you shouldn't rely on credit cards in your real estate business.

Mainly because rentals for me are "long term slow money" and I use the chunks of cash from flips to buy and/or pay down the rental balances (increased cash flow, lower debt, etc).

I will say though we kind of built the right product for this market cycle.. big single levels with 3 car garages catering to the empty nester and down sizer we get buyers coming in off their small oregon hobby farm .. our first time move up buyer did slow a ton but we have sold to families as well just not like it was pre interest rate spike.. our other folks are either paying cash or borrowing very little so interest rates are not affecting them.

That way when your step father leaves, you haven't slowed down your investing journey.

An Escrow and or Title company can you help you with drawing up the note, providing title insurance, and recording it.

That was 2021 nostalgic.Home prices, like wages, aren’t likely to go down (deflation) but we are likely to see the rate of increase slow as the Fed keeps rates restrictive (lower inflation, disinflation).

The FED is slowing pace on rate hikes, the consumer is slowing and the economy is headed into a recession? 

There are a lot of ups and downs, but if you maintain focus and surround yourself with amazing people, things will eventually work out.Now is the time to go all in on real estate, when everyone is predicting the sky is falling, and the deal flow has slowed.

Memphis or Little Rock would be great options if you're looking for stable, slow growing areas that will yield more for you monthly.

Investment Info:

Mobile home buy & hold investment in Swanton.

Purchase price: $67,000

Cash invested: $140,000

Mega mobile home makeover. After a $140k reno it's a little paradise on airbnb. Curr...