What are your thoughts on putting new construction in a B+/C- neighborhood? Everything around the lot is older but the neighborhood is less than 5 minutes away from downtown, hospital and colleges.

Some of our deals took 1 to 3 years or more but when we landed them ( being that timber is a high profit business) these were 6 figure net deals..

I've been doing this for eight years. 💪🏻 it becomes even more important when you get your brokers license.

We were running out of money to continue carrying the property, so we took it.We refinanced all our existing debt into a new 30 yr loan for $2M, which was 10 years IO at 8.375% before going principal + interest in years 11-30.

As long as you're prepared to be a landlord and live next to your tenant for at least a year, house hacking is a great way to get started.

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

Assuming identical properties, a 3/2 in Largo FL 2 miles from beach with no pool or hot tub: $50,000 a year. 

The issue with watering your foundation is that you have to do it always, every year without a break in order to achieve the desired effect.

Are you looking for 7-10 years or maybe longer?