This will help you understand their motivations, which can be crucial in negotiations.

She said, they use phone numbers to "track accounting".

As important as due diligence, analysis, knowledge of the property type, track record of the syndicator, correctly predicting economic trends, and timing is, the number 1 way to avoid a devastating loss is NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.  

A market like Boston has a long track record of appreciation in excess of inflation/cpi.  

Many don’t track this statistic as closely as they should which is why many lenders go under.

@Collin Luckettjust curious - do you have a successful track record of flips, or are you looking to do your very first one? 

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management. 

Although some unexpected costs arose during renovations, close collaboration with Carol ensured the project stayed on track, resulting in a successful outcome.

Investors also track things like Cash on Cash Return and Internal Rate of Return (IRR) to gauge profitability.2.