There are a lot of moving pieces with that strategy, so having someone who understands how to properly track expenses, capital improvements, and refinances is key.

A strong network can be crucial too, especially when you're starting out.Feel free to reach out anytime – looking forward to hearing about your journey and sharing insights!

As a Spaniard currently living in the Netherlands, I have experience in both markets and can offer you a comparative perspective based on our track record.In the Netherlands, flipping projects typically generate net profits of 10-15% after renovations.

That is why the acronym BRRRR is so popular and it has a track record of winning because inside that BRRRR is a metric that can be measured and replicated.

Oh and of course I'm now getting phone calls and emails from Jerry and the "coach" asking me to join his "fast track" program.

The CRM is awesome for pinpointing and keeping track of random houses you find that you make want to look into later.The biggest Con seems to be that the software can be very clunky and almost feels like it is in beta development at all times.Which company do you like for bulk "Street View" postcards? 

Transparency about lease terms and the tenant’s situation is crucial.

There's a ton of resources here on BiggerPockets, you're on the right track! 

You will have to have a good track record of revenue for an unsecured loan though.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.