I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

.- Use Historical Data: If the seller has accurate financials, their expense data can be invaluable.

By doing this, you’ll avoid any surprises down the road and ensure the deal still makes sense for you financially.

@Austin Williams - Leveraging a VA loan for a house hack is such low-hanging fruit for financial freedom.

Utilize financial analysis and market research to make informed investment decisions.

The truth is, fix-and-flip investing is an incredibly rewarding endeavor, but fully lined up with pitfalls that can easily turn your dream deal into a financial disaster.So, let's break it down:The Good: Why Fix and Flip Can be a GoldmineHigh Profit Potential: If done correctly, flipping can yield 20-50% returns-or more-in a few months.

For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.

First question I always ask is who audits your financials and who does your books and send me what your reporting looks like.

Prioritize your financial stability.

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.