Testing different outreach methods, tracking what gets real responses, and cutting out what’s just wasting time is key.Some days feel like a grind, but I remind myself that every call, email, and connection is either moving me closer to a deal or teaching me something valuable.

If you need further guidance, DM me, and I’ll point you in the right direction!

To me, you'll get a similar (if not slightly better) rate than hard money and you'll also avoid paying points for the hard money.

You should vet the company to ensure they have the resources to pay the rent.You ALWAYS do background checks on the people living in your property because if you let in an axe murderer and they harm someone, you are likely to get sued.Whether or not you charge an application fee is up to you.  

However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

With my 40% down payment mortgage with property taxes and insurance comes out to $3600 a month.Current rents are 50% of market value, I'm looking to renovate and bump up to 1800 a unit which is still at least $400 below market value for a 2 bed 1 bath in Morris county.I strongly believe after replacing the roof, repainting the house, minor landscaping, minor kitchen and bathroom updates I could increase the value of the house to at least 580k.

FHA 203(k) loans are a great way to get into a property, add value, and set yourself up for strong equity when you eventually rent it out.Biggest things to watch out for:1.Contractors & Timeline – The loan requires HUD-approved contractors, and the rehab process can take longer than expected.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

We are currently building the house to be a single family home, but the main house could be split into 2 units and there is already a 'mother-in-law' suite completed.

They are supposed to send me all the legal documents needed to transfer the payments to whomever is inheriting the mortgage.