Its comical how few people understand how luck in a particular economic cycle plays into their successes. 

A lot of the success stories and content we’ve seen in the past came from a very different rate environment, so I’m definitely factoring that into my approach.For now, I’m planning to focus on the Jackson County/MO area, specifically around Lee’s Summit where I have some local support from family.

As we have an accounting firm, note I am a bit biased, but here is what I see folks have the most success do: You should start with an accountant who is very familiar with your investment strategy and grow with them until you cant anymore.

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

And the cost of legal defense , even if successful, will drive the company out of business.   

We do a ton of them here in Chicago and everyone of them is a great long term success!

I got to where I am by asking those that are successful about a million stupid questions.

Any success with a subto deal for your primary residence? 

The success rate is below 30% so it is always do some arrangements with the tenant or move on depending on the case.