Having the funds to handle evictions and turn units quickly is the key to stabilizing the property and protecting the investment.

Despite making six figures and I do as well, supporting a family and living in the Bay Area quickly drains that.My advice is to attend as much meet ups as possible to network.

In an ideal scenario, it’s possible to complete the process in about three months—especially if the rehab is minor, you have your financing lined up, and the property rents quickly. 

They tend to go out quickly and rarely look as good. 

I found it listed on Crexi, it was a dissolution of partnerships and we able to raise the funds and negotiate a quick closing.

Like in our area, most of what I see hit the MLS there goes under contract quickly, so would be nice if you can find someone selling off market. 

I’m interested in learning about buying and holding long term rental properties.But I’m in a really messed up situation right now and looking for suggestions what would be the best approach to my situation in order to scale quickly. 

They are always on top of maintenance and communicating any issue regarding the property and they have streamlined the process so that it’s relatively easy and quick the purchase. 

If you are not starting from a very strong financial position and you do not have the ability to quickly stockpile cash quickly from other means then I definitely agree with that statement from the book.

Smooth & Quick close.