We roll 100% of rehab costs into the loan package with 4 draws for licensed contractors.

You will have to source these properties from a wholesaler, where you will have to put down hard non refundable assignment money at the assignment of the contract, or source them yourself.The steps to follow for a subject 2 property are as follows:1.

Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.

A team of lenders, title companies, contractors and RE attorneys, and significant knowledge of the intricacies of real estate transactions, you will be MORE than prepared to dive feet first into your first deals and will do so with CONFIDENCE.

We learned that contractors are hard to guard.

One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.

If you aren't a contractor or aren't getting rock-bottom pricing, what is the point?

Do you rely on inspections, local contractors, the agent, or property managers to get eyes on it?

I just paid my contractors liability insurance and it went up another 40%.

There will be moments when challenges feel insurmountable—deals that fall apart, difficult contractors, financial struggles—but the only way to succeed is to persevere.