Starting in REI can already be a little nerve racking, so I recommend doing your first deal on the easiest mode you can to build your confidence and build your skill set.If I had to do it all over again, I'd buy a personal home with 3-5% down then repeat every 12-18 months.

The Seller representations should be clear, and specifically note whether they are to the best of Seller’s knowledge and which representations survive closing.

Even though I don't like the business model, I still admire the hustling.

Thanks-Scott Eadie Hello 👋 Scott Eadie…….It’s great to have you here on BP…….And to everyone whose shared there bits and for not judging nor undermining his abilities to survive the ocean waves of RE….Good thing is everyone believes you can achieve it if you can dream it…But do ask yourself, are you ready, are you willing to take up the journey?

. :) Having the insights that I do on this landscape, I'd recommend checking out Lead Sherpa and you can determine on your own how it matches up.For one, our model is all inclusive.

We've spoken several times with an attorney who specializes in this area of law, and he's assured us that our flat-fee investment club model is well established in the law and that we're not selling securities.

Here the hoa liens survive the sale, become yours, and neither these or paroleety taxes are paid by the surplus.

At the end of the day, I have said it before and will say it again, EVERY real estate operator I know that has survived for 30+ years and, generally shown continued success is completely against floating rate loans.  

Growing up in a household with 6 siblings and parents working hard to survive living in California I became very observant of what others were doing to make money.

It's a matter of survival of the fittest in the industry, with good agents staying and others seeking alternative employment.