There are some partnerships that are designed by nature to be short term, so there’s not as much to lose if things don’t turn out rosy.

It feels more natural and definitely eases the awkwardness that can come with the “salesy” approach.

Any damages  a tenant must pay for, unless its an act of nature or tree roots. 

Would it make sense to invest in improving my home, then refinance with a bank to extract the created equity, and then use that money to purchase a rental property?

Investing by nature implies there is a risk of loss like this.

You’ll need to experiment with these variables until you find a method that works.These days, I’m fully invested in Google Ads, which doesn’t require data extraction and allows you to pre-screen people.Additionally, to monetize the leads, you could make a deal with a broker to get a finder’s fee (they can split the commission, but only if you’re a licensed broker).

@Chris Seveney, I think you are talking about fraud where you as a lender lie about the payoff to extract additional money from the borrower.

The reason is, the original farm house + 5 acres in the 60’s was occupied by a group of 5 families that were into some strange kind of “natural living “ they only ate a few kinds of fruits and seeds.

Instead of refinancing immediately, you hold out for rates to drop, which many economists predict will happen as inflation cools and market conditions stabilize in the coming years.Refinance when rates drop, extracting capital while maintaining cash flow at a similar level due to the lower interest rate.Repeat the process by redeploying the refinanced capital into new investment opportunities.This version of the BRRRR method is more of a long-term play, as opposed to the quick 6-12 month cycles many of us were used to.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.