It's fantastic you decided to jump in.. have you mapped out your first property analysis yet?

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

After designing 100+ projects in 22 states across the US, we’ve come across almost every type of home, ARV, and target buyer.

Off market deals usually have nonrefundable deposits and a clunkier process that isn't as suited for out of state people until they have good contacts in the area to evaluate the property (mostly contractors that feel comfortable evaluating projects for you).

If you are looking for a hard money loan for a rehab project, let me know.

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

And along with that, any insight into GP/LP on a project like this would be helpful.

At that point my project manager (and partner) started pushing him. 

Also, before you buy another property you'll want to determine your ideal next property - meaning, will it be a "rent ready" house, a major renovation project, or somewhere in between.

The process can take client's anywhere from one month to two years of active and consistent searching, analysis and dealmaking to acquire the right home.