It's one of those things where if you are going to require it, you have to be prepared to evict for not getting it.

This is my pre-retirement preparation.

Anyone in sales knows, you are going to have to be prepared for a lot of "Nos" to get to the "Yes". 

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

EX: I ran a few real estate ads targeting real estate agents on FB. as a test since I never did an ads before.

We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book. 

I use Wisconsin Legal Blank forms, they are inexpensive and court-tested.

If you want the "best" rate, be prepared to pay for it.

If you can attend local investor meetups, that’s a great way to gain market insight and connect with reliable people.It’s also smart to start small with a couple of flips to test the waters, and make sure you understand the local market dynamics before scaling up.Good luck with your expansion! 

However, it’s important to price competitively and be prepared for buyers to request concessions.