It's important you understand this, be prepared, and expect that going in.

Quote from @Dan Grove: Hi friends,I'm starting to build a portfolio of long term rentals using creative finance. 

Or we could just bring on another investor each year and our cash on cash return should also be around 12 - 17%.In other words, in order to cash flow in Costa Rica you will probably need to invest in more creative ways.

If you are raising capital from people you don’t have a prior relationship with, and even people who you do, they would regard you as serious only if you had a professional prepared PPM and Operating Agreement.

I look at foreclosures.comOut of the 3 stages I am definitely not ready for an auctionpreclosure / short sales:- I need to research how to take over a deed / title- need to prepare how to do door knocking (I have a sales background and feel confident in dealing with an emotional conversation about someone’s home) - there IS a window of like 4 weeks that I need to prepare for (have my finances in order) to then bid before it goes to auction?

Wholesalers without a license might feel they have more freedom to structure creative deals or avoid additional disclosures.4.

(The typical commercial loans I use are at 9.5% right now so be prepared for that.)4. 

Creative financing options like seller financing and partnerships can help build a successful portfolio.Good luck!

Cashflow is hard here but with STR and creativity it's possible, and the appreciation makes it worth it in my opinion.

This allows them to focus on their W-2 jobs, family, or preparing for retirement without the added stress of managing properties.If you’d ever like to connect and exchange strategies, I’d love to help.