And if the sponsor truly can't be bothered to answer your questions when they should be on best behavior and are most financially incentivized to do it (when trying to get your money), then they will have even less incentivized to do it, in the future, when there are problems and you have difficult questions to ask them.So personally I would consider that a red flag and move on to a sponsor who communicates reliably and on a timely basis.

Glad Scott is addressing this head on and sorry to hear it came to this. https://www.biggerpockets.com/users/wealthelevator This is like financial PTSD. 

Detroit offers strong cash flow, appreciation potential, and affordability, especially if you’re interested in long-term holds.That said, where to invest ultimately comes down to your goals, experience, and where you are on your journey to financial freedom.

A few tips: maintain a solid credit score, organize your financials (especially your proof of funds), and be ready to show that you have a solid plan for your investments.

Realize these same concerns apply to other Syndication asset types also.Do stress tests against the deal for both hitting the financial targets and also the Capital Stack impact.

I plan on doing a live in rehab, moving out of the residence after 1 year and doing a long term rental after moving out.However, my lender told me I can not purchase a residence with an FHA loan under an LLC, which I now understand.In general, is it more financially beneficial (cash on cash return) to purchase:1.

While I’m just starting out in real estate, I’m determined to build equity and achieve financial freedom through thoughtful investments.Here’s a little about me:I’ve been exploring wholesaling and land investing as potential entry points but haven’t made my first deal yet.

There was some earlier advice to self-manage when under 10 units, and financially that makes sense if you want to run lean and do it yourself.

If you have two or more members of the LLC you'll file a business return and then have those financial flow over to your personal return via K-1.

Assuming you have done those, understand the area and the demographic and hopefully have some idea of the financials for the property, then you need to underwrite the deal.