Hello, due to a hiccup on my personal credit history I am having issues getting approved for traditional financing outside of an FHA which I do not plan to use as I am not going to owner occupy.

I am getting started in real estate investing soon, and I want to plan for the best course of action.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

The biggest factor will be how long you plan to own the property or when you think you may refinance.

The only thing that bests fear is courage and we only need a mustard seed of that to get things going...People often spend money on college and never go in to the field they spent that money on...the greatest lessons and the ones most remembered are learned 'on the job'.Wishing you more good news in the future and an exceptional 2025. 

I don't want to go back on my own word in any way, obviously, and had stated the lease was for a year.Now I plan to use apartments.com going forward for leases and rent collectionThe newest lease with a different tenant is plainly non-renewable and requires a new lease to continue tenancy after a year and outlines fee costs.

How do you plan to operate it?

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

Excited to hear about your plans for 2025—let me know if you ever want to chat about the market or need any help finding deals!

That being said due to the number of sharks out there I would only spend money that I can afford to lose.