With 20 years in wholesaling, I’ve seen it’s often best to focus on either acquisitions or dispositions when starting out—it helps you build expertise faster.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

Creative financing options like seller financing and partnerships can help build a successful portfolio.Good luck!

We have managed to build a solid liquid nest egg, but I'm hesitant to lock the majority of it up in a low LTV mortgage on a really expensive primary residence.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

I am looking to network and build a strong business relationship with a local real estate agent.

Real estate often rewards patience, and holding in a market like this can allow you to build wealth steadily as property values grow.

It helps to know which plumbers or electricians like a remodel project vs a new build project.  

Based upon the cost seg studies of my clients, a building will typically yield 25-30% of the total cost that can be segregated into personal property and land improvements.

I have done several flips from out of state, in the same markets as i was trying to build a team.