I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities.

Partnerships: Collaborate with other investors or professionals to pool resources and expertise.4.

If things goes the way I anticipate, Austin will be probably my 3rd largest position in size but primary financial position. 

Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The agencies have minimum borrower loan guarantor financial strength requirements (IE - liquid assets => 9 months P&I; net worth >=100% loan amount; FICO >680).

@Rick Zink I have a couple resources to share.

Maybe she’s financially illiterate and won’t see what a scam your seller finance offer is, but she did have $100k laying around to buy the property, so probably not. 

@Austin Williams - Leveraging a VA loan for a house hack is such low-hanging fruit for financial freedom.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

I’ve put together 7 steps to help you decide, stay focused, and get that much closer to achieving your financial goals.