. ~80% tended to be transient and moved on by there choice or ours. ~20% were decent and "stuck". 

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

The preapproval that I got for the commercial loan is a 20 year loan at 7.75% with 20% down and $20,000 in closing costs. 

Some went through the process of signing the NDA, providing proof of funds, and having multiple conversations, only to end up ghosting me.I think what a lot of this comes down to is that many people start looking for a business before they’ve figured out for themselves what it is they really want, and what they can actually execute on.Here are a couple of the common misconceptions I encountered from buyers:🚫 You can close on multiple acquisitions within a year.Sure, it can be done.

You shouldn't be paying any lender anything before a closing.

Then you can immediately put a loan on. the free and clear property and pull that cash out to get close to what you need for the ADU. 

Maximizing cashflow becomes a strategy choice that accounts for your market and tenants.

We only manage our own portfolio right now, so the bottom line is close to my heart.

Who has closed a subto deal for a primary residence?

But keep in mind, the top of their list is going to be people that they’ve worked with in the past and probably closed deals with.