I can check the Register of Deeds site, type up a deed, and purchase a house in 2 hours.

(My fiancé with an architect with a refreshing vision) What made you interested in investing in this type of deal?

Purchase price: $85,000 Cash invested: $55,000First BRRRRWhat made you interested in investing in this type of deal?

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Purchase: $62K + Rehab & hold: $17K What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

A borrower is more inclined to face adversity with a construction project than most other types of real estate investing.

Let them convince you they are going to pay on time, but it can't be "We'll try harder." type of convincing.

I actually used to have a game modeled after Monopoly that was called Slumlord😂 same type of antics with buying property, maintenance cards, dealing with code enforcement etc… Bought it at a real estate convention 

12k rehab does not buy much..)Selling this type of property is a lot harder than one might think.