I am hungry for knowledge, and hope to learn as much as possible before my first investment.

They switch banks and ask for an extension and add another $2500 deposit as a show of good faith. 

The real estate agents who are knowledgeable and doing a lot of deals each month will be the ones who can get you these accurate numbers.

Sharing experiences and pooling knowledge might uncover creative solutions you hadn’t considered.While it’s frustrating to feel unprotected, focus on taking strategic, proactive steps.

We decided to go with a DSCR in the LLC name to help protect our personal assets… We are near closing which has taken WAY too long in my opinion… (we are on month 3 with 3 extensions)…Regardless, at this point 2 of the 4 of us in the partnership are being asked to sign as guarantors of the loan…1 Is this normal?

Hi Allen, I have thought about this myself extensively over the years. 

What I mean is finding the type of deals that you could do with each of them that would capitalize on their unique knowledge and skill sets and desires.

My next big gap in knowledge is finding homes

Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

I work with investors, I am extremely knowledgeable about this market and I have a strong team of vendors.