Networking can provide valuable insights and opportunities.7) Get Pre-Approved for Financing: If you plan to buy property, secure financing by getting pre-approved for a mortgage or exploring other funding options.8) Start Small: Consider beginning with a smaller property or investment, such as a single-family home or a small multi-family unit, to minimize risk.9) Conduct Due Diligence: When you find a property of interest, perform thorough inspections, research the title, and assess potential for appreciation and cash flow.10) Take Action: Once you're ready, make an offer and start your real estate journey.

You are looking to create the biggest spread possible so shopping around for the best rate and terms should be a priority.

Moreover, think long-term.

As long as you are always realistic about the collateral value and the borrowers ability to execute the business plan, you can't go wrong. 

I did also check long term rental rates to make sure it could work from that standpoint if needed. 

We had to include language in their contracts when they renewed last summer detailing the terms of the deal.

think about how long it will take to recoup all the costs i just mentioned.if you want day 1 cash flow... open a savings account.hope this helps.

(Sometines using a conventional loan) Short-term pain for long-term gain2.

Hello Everyone,
I am looking to get started in the STR business soon and have been interested in the Wisconsin Dells and Baraboo area. I am aware of certain zoning and regulations but am looking to further my knowled...

All 16 units would have to remain on same lot/deed forever (so in terms of value, I can’t capitalize on the duplexes being sold to conventional non commercial buyer) think financially it would be nice to phase it out one duplex at a time.