Prices stopped climbing, unemployment grew, and individuals sud denly realized that they were no longer holding on to investments but rather playing in the world’s largest game of legalized gambling—and they had just lost.

😂🌍Looking forward to some great conversations and thrilling opportunities!

If you have $100,000 in your brokerage account to borrow against, why not just use the money and secure a traditional loan, versus gambling with an unknown and variable future rate?

It's the same reason people gamble.

Or keep them and fix them up but, you are right it may be gamble because, everything may be fine after it is fixed, or it may be other expenses that come up.

We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.

I'm sure you're having so many emotions (excitement/worry/thrill/etc.) run through your veins as you embark on this journey.

Of the three you listed, one of them was involved in my evictions, back when I still had management companies and I was not thrilled with communication.

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.

I'm thrilled to begin my first fix-and-flip project in Lakewood, Cleveland.