You get in, you take a beating sooner or later, usually sooner, and then you get back up and go at it again.

It's what I've always wanted to do anyway, but now I actually have a bit of a fire lit under my butt to make it happen sooner rather than later!

My returns have hit proforma but time lines are longer given we started our first house then one month later  covid hit..

They called me 30 min later after I told them I wasn’t interested at all in the property, asking me to bid any price.

She responded later that evening, stating that the payment had been made and that the lease should be available in the portal.

Sooner or later it will backfire.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

With the scenario you explained above, I feel there would be some awkwardness in the relationship if you invested $10k and months later made $40k on their home.

His book “Invest in Debt” is still the best on the mechanics of discounted note investments.John Beck, unfortunately succumbed to temptation of “guruism” in his later years, hooked up with a real estate marketing company out of Las Vegas, and became front man for mentorship programs promising unsubstantiated returns.

But even though we plan to hold the property the reality/risk of not being able to pull equity or sell easily later on without maybe a land contract is kind of concerning?