How’s everyone doing ?I’m very new to this but I’m proud to say I am now an investor, I just haven’t invested in anything yet. I plan on taking a few years saving my money and learning as much as I can about real esta...

The short sale real estate agent should be able to advise you on all of the loss mitigation options and laws specific to your state and help you with each option prior to listing for sale as a short sale and trying to liquidate the property.

I live in a small town and don't know that any of the local brokerages will be a good option. 

Hi Ryan, I'm a licensed real estate broker in Illinois and also a property manager, and yes, in the state of Illinois, you need to be a licensed real estate broker (to be compliant) in order to manage property owned by others, because property management is considered a form of a real estate activity under Illinois law. 

Woah 13.85% even on an investment property is super high...I got a heloc at a 7.25% (this is variable with the market as with any HELOC) for an investment property.Talk to your local credit union.

You should be able to find local builders that will finance the construction component of your new build, however! 

Instead, focus on assembling a few key people who can fill the gaps—such as a trusted agent, contractor, and local property management expert etc.

The deal was legit, the sponsor was honest, all laws were complied with, the deal didn’t work as planned.  2.

Scottsdale local here.

We used an excellent local bank that helped us to get everything we needed for the construction loan and we were able to fund the entire project without investors.