Several doctors and lawyers and other smart people literally crying on the phone to me as they realized their whole retirement plan was done and they need to work into their 70’s if they wanted to retire.

We were both pretty lucky and made some smart choices with what we had.

There may be a few who may make smart azz comments about this, but they have no clue, this is a very serious side of finance.You need enough to enforce collections, pay for an attorney to foreclose, fees are often limited by law for a trustee to 10%, so a 60K note could be 6K to the trustee and there are other costs.

I agree - it's a smart way to get into real estate—especially if you want to save on living costs and start building wealth.

I think giving a couple of options, if doable, is always smart.

@Erika Shiu House hacking with an STR is a smart strategy but ensures financial viability since your mortgage is over 50% of take-home pay.

Getting a General Contractor (GC) license can be a smart move, but it depends on your priorities as a flipper.

Check for cap ex coming, mechanicals, and smart repairs to do now that will save you later.

So, there's all this buzz about blockchain and smart contracts shaking up the real estate world?

If you're not experienced with rehab costs, then having a GC walk the property with you and providing quotes is a smart move.