Quote from @Jesse Scheidel: When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts?

Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.

Not saying there isn’t money to be made because their definitely is.

Use the magnifying glass to find blogs, podcasts, and forum discussions on just about any real estate topic.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

I spent a lot of time and money to learn how to structure seller financing deals.

Maybe they don't need the money now but in 5 years they wan to send a grand child to college.

If I decide to sell to a builder, should I have a real estate agent or just have a lawyer read over the documents?

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

I've been juggling a W2 while also doing real estate investing (BRRR, flip, RE license).