It allows you to put 5% down, whereas the minimum for a conventional product is 15% (I'm not a lender, but that's the last I was told by my go to lender).

I think this year we had $486,000 of real estate passed around at the group.One thing to keep in mind, not all real estate investors out there are bigger pockets members and may not have the sophistication that we generally do.

I looks like the former, based on the following definition --"The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."

@Dick O'Hare I have not used Blueprint's products yet, but I have a business partner who has worked with Jeff Welgan and that's how I was introduce.

@Rys F.Be careful on the dumpsters - they get filled the trades will hit you up for delays and lost productivity if they are full and not emptied and they cannot do their work.

Hey- Tiamo from the BiggerPockets product team here.

And that’s what ppl think they can find if they listen to real estate podcasts that set improper expectations (and really just want them to spend money on their products/deals)That being said year 1/2 can be rough with unexpected (should have expected) repairs from the prior owner.

I'm not saying the next light bulb won't be invented (it took 10,000 tries) but plan on a long slog to make it happen in real estate.We and our Joint Venture partners use a fairly sophisticated spreadsheet with a lot of automatically input variables and at the end of the day, it is still experience and second guessing the market that works best.

However, this is pretty much doing a BRRRR now which I've never done, don't have the time and is capital intensive (plus, I'm out of town) which doesn't seem too appealing.While I could just weather out the cashflow and bank on the appreciation over time, I feel my return on equity is poor, and that equity can be put elsewhere to be more productive.

I hope to start him similar to your plan but quickly transition him to sophisticated value adds.