Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I think I've been changing my 3 prong connection electric dryers to 4 prong for some many years now also.I should probably confirm w/my electrician company but at the risk of making another mistake, I'm about to press Post Reply...

On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

How about the risk that a landlord has?

They risk their commission if they do not execute one.  

@Venecia BaezThe action plan for real estate investing involves setting clear goals, assessing finances, choosing a market, building a network, understanding numbers, starting small, and learning from experience.

But the one thing that you can control is your creativity and how far are you willing to go with risk .

This could involve offering a higher interest rate in exchange for reduced upfront costs or deferring payments until a certain milestone.If building right away isn’t feasible, consider buying the lot now with the goal of paying it off over time, and save up to build when rates and budgets align.

Quote from @Torianne Baley: Hi George,Do you mind sharing the lender you found who accepts the 500 credit score and will loan $300k There are lenders out there but the risk is very high so your rate will be 13-15% plus the loan to value will most likely need to be less than 60% (or even 50%).

I’d prefer less outsourcing on behalf of the banks and fewer web portals/ apps/ servicing companies because in my experience the more entities involved the more glitches, so adding a VA and another layer of software to the mix doesn’t sound inviting.