While it’s relatively simple and can help you find deals, it’s also time-consuming.

Side note, she was able to get into this property for just under $13k and we we're able to negotiate the seller putting in a new AC unit as well as paying a $7000 invoice to a contractor to replace the roof.Moreover, if your credit is solid, I'd opt toward a 5% down conventional loan if you're leaning toward the 3.5% down FHA route.

Quote from @Gino Barbaro: @Joel OwensThe only way deals were getting done in 21-22 were with short term bridge which is why we opted out, and did only smaller deals.

Typically, higher vacancies lead to lower rents, but today’s reality is different.Inflation plays a role — while the consumer price index has surged over 20% since 2019, office rents have not kept pace in real terms.

Paid off, but junk and no reserves is not helpful, it will consume all your cash flow quickly for years.

Direct Mail is expensive, time-consuming, and doesn't have a high conversion rate based on the amount of money I'm spending as well as the amount of time I am spending sitting on Property Radar hunting for the leads. 

Certain investors opt to buy properties on an individual basis, which they subsequently transfer to an LLC when funding is obtained.Ultimately, whether or not to create an LLC before purchasing a property is a personal decision.

Which sounds like a 95k gain.And yes, when the condo is sold you could opt to do a partial 1031 exchange with those proceeds and keep some for yourself.

Entitlements can be costly and time consuming but can also be lucrative.

I'd attack the credit report :) 1) lower (pay down) whatever accounts have a high utilization percentage 2) contact each of 3 major consumer credit agencies and get a free report, then dispute every hard inquiry that is *NOT* associated with an open account 3) call the credit cards you already have established and ask for a credit line increase -- often can be done online and they do not verify income, hint hint.