I think we're going to buy some real estate with the money ourselves and come back to lending once our network is stronger.

@Michael Ealy well, I mean yeah, I’m a bit frustrated but at the same time I love the growth that I’m experiencing and the challenges I have been overcoming making me a better investor...I’m taking the time now to learn from mistakes so that I have a strong foundation already built for when I get to 100 units I’ll be a much stronger investor.....but yeah, just like I thought, the insurance agent needs to be fired.

And Yes I had a few big deals in the multi million range also.Im not trying to toot my own horn here, but if a newly licensed agent tries to market a pocket listing...yes it could be a very bad idea. but if a experienced agent with networks as strong if not stronger then the MLS system markets a pocket listing correctly it can have highly beneficial results for the seller and all parties involved.

I could be wrong, but I’d imagine you’ll find cheaper prices, more multi-families, and a stronger rental market. 

@Justin Hannah yes you should meet with a few banks / lenders to get prequalified so you look stronger going in. 

With that high of a valuation, would you consider selling it, locking in the profits and using that 💰 to pick one or two projects from a stronger cash position?

Coming off a stronger previous 3 quarters than projected and making needed adaptations for Covid-19.

Happy to share.Even when we do get to the other side of covid, we are going to continue to improve our business model to have a stronger virtual presence.

If there are no state landlord laws that require that you rent to them then you may just tell them that you have another applicant that has stronger qualifications than they do.

Our thought is to use a hard money lender to purchase it so that we can go in stronger as a cash buyer and hopefully get a reduced purchase price instead of going in using traditional financing through banks.