As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

This allowed our partner, Ron Rowan, to focus on executing the deal without worrying about the financial burden, ensuring a smooth and profitable transaction.

You can be good enough at REI that people will give you their money to invest with them giving you a cut of the profits, or wholesaling where you find a buyer to assume your contract before closing. 

But he said the prop. management he looked into out there takes a percentage of profits from everything, including repairs.

Over 60k profit MarginHow did you find this deal and how did you negotiate it?

If we sell, we will make some profit but not much.

Have you looked into assited living facility as they are far more profitable?

I learned that I really enjoy originating notes and thought my services could prove profitable to other investors.I would like to start a full-service business where I help landlords convert their rental properties into low-effort and profitable notes.

So, when closing, your new lender would give you a check for $10k to do whatever you want and a new, longer-term loan.Don't forget you pay a nice little hefty tax on the profit.