He doesn't really seem to know the process for investment properties.

Building in Charlottesville consists of a long, laborious process. 

Write out clear SOPs for every process, hire great team members, and hold them accountable.

This can lead to consistent limit increases every quarter, which opens up even more opportunities for growth.Having good rapport or a strong relationship with a credible accountant to help simplify and oversee this process is an amazing idea and highly recommended.

So take into consideration the holding costs of making no money for years into the process. 

Keep all the money you collected from the previous year for emergency only and repeat the process. 

Purchase price: $255,000 Cash invested: $75,000 Sale price: $415,000 Getting a little more comfortable with our processes

@Jonathan Klemm we are in the process of making A LOT of renovations.

You take a short class 30 minutes over the phone and once you finish this process you typically can save around 1% off your rate!

Ideally, I’m looking for buyers who can offer fair deals and make the process smooth.If you’ve sold owner-financed notes before, I’d love to hear about your experience—any tips or lessons learned would be greatly appreciated!