This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

That is not something I think is funny or boastful, really it is shamful that these events have taken place.

A great way to start is by attending RE events and joining a local investors association.

This is also the best thing, because many out of state investors find it confusing and stay away, which keeps our returns much higher and wards off Wall Street investors from buying up swaths of houses, which we've seen in other markets.As an STR specialist, keeping up with zoning and regulation statewide is a huge part of my job.I also host monthly short term rental events for local investors, monthly webinars, and I also often get furnished, turnkey off-market STR properties.

I am checking out their 3 day event starting Feb 29th.

Has anyone tried to operate a business on a plot of land with minimal development until it builds revenue for a structure (flea-market, private park, outdoor event venue, etc)?

if your asking me Joe  I suspect wrapping a DSCR loan would be an event of default with those lenders.. and one would risk having the loan called and a lot of times if you have multiple loans with the lender they can call them all in default..

In any event, good luck to everyone!!!  

I have an event coming up in November for private money lenders (one for passive PMLs who are doing it as a side hustle and one for experienced small- to mid-sized PML business owners) in Las Vegas.

Quote from @Travis Moffat: A good friend of mine convinced me to buy a ticket for one of Jerome Maldonado’s speaking events.