With flip loans, experience is key.

The SEC enforces strict guidelines on raising capital, and violating them can lead to hefty fines, investor lawsuits, and even criminal charges.Let’s break down some key takeaways from SEC Rule 506(b) of Regulation D and why you MUST have a Private Placement Memorandum (PPM) and Subscription Agreement in place.1.

Spend a little more money than you might have been planning to, buy in a better area (i.e. not a “turn key” 100k house off the mls), and self manage.

The fact you brought this up on this board with this situation tells me that you are fairly new to renting by the room.  

Amy Vaughn continues to serve on the Company's Board of Directors.In 5/21/2021: Director - Amy VaughnAmy Vaughn Serves as a Director.Ms.

Subs are already on board and scheduled .

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

Identifying and addressing JV pitfalls is definitely key for money partners.

VG is the exact same thought process of why investors buy Turn key rentals through turnkey brokers or turnkey companies..