They began their company, Magnolia, years ago as a house flipping business and a small gift shop that they still own and sell products out of.

Here’s some helpful info we picked up along the way.If you want to live close to Uptown – maybe because you work there or love having lots of options for dining, bars, coffee shops, and more – consider areas like NoDa, Plaza Midwood, South End, Villa Heights, and Optimist Park.

I would then probably consider putting down the min. downpayment on a duplex up to a fourplex, for a place to live and rent out the remainder to  cover the mortgage and expenses.  

But....But what if that Bank, financed via borrowed fund's itself, say something like where they themselves only ever had 10 or 20% of the capital they financed and borrowed the remainder via some big bank-2-the-banks?

There is nothing that prevents you from shopping around early to see what's out there.

We bought the property seller-financed with power, a small bathroom/laundry building, a 40x60 metal shop building, an RV pad with 'full hookups' (power, water, septic) and not much else.  

In fact many properties being shopped around by wholesalers are actually just expired MLS listings (properties that failed to sell on the MLS) or active MLS listings under contract by a wholesaler. 

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

If you use hard money loans or fha 203k loan or some other construction type loan then you will need to be focused on the finance charges and shop around.

It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?