Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

At my age, I wonder if it’s too late to "get rich slow," as is the case with most real estate investing.I’m curious: is there a section of this website or a community that focuses on late-start investors?

As a CPA focusing on real estate taxation, I frequently encounter property investors excited about cost segregation studies.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Are there certain areas of town or types of properties you want to focus on?

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).

If you move to NYC, focus on maximizing your earning potential while investing in affordable out-of-state markets with strong rental demand, like San Antonio or Indianapolis.

@Tanya Maslach I highly recommend that you look up/connect with Nobel Crawford, he focuses on corporate placements and teaches clients how to do the same