The realtor owned the neighboring property and we were able to negotiate a simultaneous close.How did you finance this deal?

Memphis is simultaneously a very popular market to invest in, as well as one of the highest crime cities in the U.S.I own multiple rentals in high crime cities and haven’t ever had a problem, because I bought them in the right zip codes/neighborhoods.

Enlisting allows you to gain real world experience, while simultaneously working on your degree, and traveling the world, all while earning a paycheck.

I am just starting out, so I don't plan to have more than a couple projects occurring simultaneously.

Personally, if possible, I'd find that happy medium where you can still make $$ to enjoy everything but still make enough to support that lifestyle and possibly grow your net worth simultaneously. i think that's kind of what a lot of BP'ers strive for, that passive income that exceeds their desired lifestyle expenses while working a minimum, w/less stress.

What I find peculiar about the phenomenon of increased foreclosures is the fact that it is happening at the same time as a hugely tight housing market where buyers are actually getting into bidding wars for what few properties are up for sale.I've always thought that foreclosures happened because both a person stopped paying on their mortgage, and simultaneously were unable to get cash out from selling the property.

If you have 5 to 10 homes in your portfolio, it is possible to get a mortgage, but it can be difficult.In 2009, Fannie Mae increased the maximum financed-property limit from four to ten.Most banks won’t offer a 5-to-10 properties mortgage because the process of underwriting the investor’s mortgage application can be very hard work.To finance a home via Fannie Mae’s 5-1o Properties program, there are many criteria that must be met, including a minimum credit score of 720, substantial down payment requirements (for purchasing) and equity (for refinancing), no bankruptcies or foreclosures in the past 7 years, and more.Real estate investor mortgagesIn 2009, Fannie Mae rolled back a mortgage rule that prevented real estate investors from financing more than 4 properties at once.At the time, investors were limited to 4 properties financed, which included their primary residence.Today, the maximum number of allowable, simultaneously financed properties is 10.

So I'm giving myself a year to acquire property locally before looking at markets closer to the tri-state to house hack.QUESTION:Would I be violating that clause if I still live with my parent but register my address etc. with the property - simultaneously renting out the units?

What's the process, tips or recommendation for having the buyers close on the lot and the new construction loan simultaneously (single close)?

Sometimes it seems to be how it works, the deals just start compounding on each other after enough marketing and word of mouth, might be pushing our team to the limit on this especially with two flips going on simultaneously, but it seems like it will be worth it in the long run getting through these challenges.Some of the challenges have really been the construction and permitting processing that are going on.