Cold calling is already such a poor-performing strategy. the ONE thing good about cold calling is that you are talking to a HUMAN, building rapport, and asking and answering questions.Now that ONE good thing about it is taken away...Like David above me, no experience, and it would indeed be interesting to see how it does, but that doesn't take away from what I mentioned above.

This is a great way to build experience and get some quality rental properties under you while keeping your liquidity up to go find additional properties.

Typically, in my experience, lending requires 20-25% when you will not be living in the property. 

Hello, anyone doing MYR in San Francisco or Sacramento who is willing to share their experiences ?

@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment. 

My accountant does not have experience with this part of the tax code unfortunately. 

I have a strong background in sales and business development, with years of experience driving revenue growth, building high-performing teams, and closing deals.

Looking forward to connecting with the BP community and learning from your experiences!

I’d love to hear your thoughts, experiences, and any advice you can share.

By house hacking It lets you get in the game with minimal money down (3-5%), while also covering your mortgage and gaining real-world landlord experience.