The other tip I would say is really get a good relationship going with a realtor in the area if you do not have one to give you the exact data you are looking for to be successful.

Hello, I am a 23 year old embarking on my journey into real estate, specifically focusing on multi-family properties. As a six figure earner, I am seeking advice and insights from experienced real estate investors on ...

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).

Welcome to the community and be ready for a huge amount of information at your finger tips.

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

Additionally, properties with high monthly costs struggle to compete with fee-simple homes, affecting resale value.

Investors like me are left sifting through overpriced junk instead of finding real opportunities.Pro Tip: The average wholesale contract is for a 30 day "inspection", while the wholesaler looks for a buyer.

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Nowadays many vacation homes are priced as STR businesses with profits baked into the price (with future guests expecting instagram furnishings).