Master ONE lead generation method before you branch out.

Expanding your network requires a multi-faceted approach, combining both digital and traditional methods.

And maybe BP Pro if you don’t have another method of analyzing deals.

Dad is more interested in fix and flip but open to other methods as well. 

This method not only ensures efficient funding during construction but also minimizes interest payments, given that construction loans typically extend over 12-18 months with interest-only payments.After the first year, my expenditures are as follows:Land: $200,000Construction: $600,000Interest: $60,000Total Investment: $880,000Here's where it gets interesting.

I don’t use Stessa’s rent payment platform).As far as reporting issues and hiring contractors, I don’t have a fancy method/platform.  

BRRRR Strategy: Apply the Buy, Rehab, Rent, Refinance, and Repeat (BRRRRR) method.

Any other detriments to the lease-option method I should consider or protect myself against?

Quote from @Joseph Milano: I would talk to the renter to see what they want to do.The easiest method is to get tenant's permission to apply the funds toward their next month of rent.If they prefer the money back, I would issue them a check, money order, or cashier check when they sign the new lease.

Certified mail and/or additional service methods may be required in addition to the above by the terms of your lease.