Did you know the seller previously or did you have to build a rapport with them in order to do this?

It can help build some incredible relationships and really learn some great tips from the pros!

Get on a budget, build your emergency fund, pay off all debts, save up.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Investing in real estate is a long term way to build wealth.

On paper some of these buildings had amazing metrics, excellent cash on cash returns, cap rates, etc, but when I looked at the buildings I found the neighborhoods were rough, there was poor management in place, there was lots of deferred maintenance to address.

The only rentals I'll consider is if I can do a build to rent.

Regardless of the type of lender you work with, building a trusting relationship is crucial.

If anything just buy motivating buyer lists or VA until you build your own buyers list.

HML lenders want to see a clear path to profit, so ensure your ARV and rehab estimates are solid.For next steps, definitely prioritize a detailed inspection to confirm HVAC and interior needs.