Quote from @Carlyn Chism:I agree with Chris on a lender that might be a scam or make you may so much money interest because of the low credit score that you make $1.00 on the flip or no money.  

Quote from @Brad Kremer: Hi everyone,I own a cash-flowing duplex in Austin, TX, that I bought 8 years ago when rates were considerably lower than they are today.

Is this something I should take in consideration? 

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

I’m interested in using hard money for a BRRRR or flip project, and I’d like to take the first steps toward making this a reality.

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

I would focus on saving enough money that if I had a deal go bad, then that money I saved was there to cover it. 

One week into 2025 and the US housing market is facing considerable new challenges. 

I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.Self managing STR properties, from afar, while maintaining other employment, is only a possibility because of the new technology made available in the last 10 - 15 years.