With flip loans, experience is key.

We had to move fast and initially decided to sell it, the relator who was helping us somehow convinced us we should make it a rental property......... and let her be our tenant (insert face palm here) so since we had no real estate experience and we were already moved away, we agreed.

From my experience working with over 400 investors, I’d recommend starting with house hacking—ideally a fourplex if you find a good deal, but a duplex works too.

Quote from @Joel Bechtel: The agent I spoke with has about 30 years of insurance experience, so I’d hope she knows what she’s talking about and what she’s offering.I have another policy with Allstate for my 6-unit property, which they were able to insure for approximately $890K because the replacement cost came in under $1M.

Usually prospective tenants that agents bring to showings will be more qualified to rent in my experience.

From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.  

3️⃣ Luxury Seekers – These guests expect an experience.

Managing a rental property can be challenging, especially if it’s your first experience.

With no experience or funds to get going on this solo (currently a bartender), my thought was to join someone who is already doing it and learn along the way.

Quote from @Tony Lopez: You are in the most regulated corner of the world and have zero experience.