I actually had an initial phone call with the co-host that ended up lasting an hour because he kept giving me tips and local knowledge.

Scope creep is a huge problem and the more you learn up about the project up front, the easier it is to figure out what actually needs to be done and avoid surprises (or pass on deals that need more than you initially think): https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...I highly recommend building a contingency (I do 20%) into your rehab budgets for unexpected issues.

Instead, an individual should strive for self-growth and initiative and be aware of how they can add value to members of their team or those who have helped them.

I’ve listened to a number of clips/ shorts on YouTube of Dave Ramsey recently.First, let me mention why I was put off by Dave Ramsey initially in the past. 1.

This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI  (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again).    7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.  

Through PHA sources, the article indicates the renovation will cost $112M, twice the initial budget.

We’re open to considering Section 8 rentals if they align with our goals.Our initial plan is to purchase one or two properties outright with cash, although we’re still open to financing options if the right opportunity arises.We’re planning a 1- to 2-week trip soon to explore Indiana and get a feel for different cities and neighborhoods.I’d really appreciate your honest feedback.

Upon the trust’s termination, the remaining assets go to a designated charity.7.

Lastly, do some initial research on local STR rules and costs to prepare for discussions with your team.Building a solid team, including an agent and co-host, will set you up for success.

@Jay Hinrichs  https://abcnews.go.com/amp/Politics/biden-raises-federal-funding-initial-los-angeles-fire/story?