For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

Hi @Drew Sygit, thanks for your response.You shared some good insight, particularly about the classes of tenants that would push back against the strategy I proposed originally.

I wouldn’t purchase anything out of state without first getting a thorough inspection, establishing a trusted team on the ground, and having a solid exit strategy in case things don’t go as planned.

For any of you who use this strategy, can you tell me who your insurer is, and cost of premium?

Ideally, I would like to use the buy and hold strategy, with a 50k budget to get started.  

I really want to do an apartment building but i want to build a track record first of smaller deals and just looking for a strategy to get into deals similar to a subto or wrap.whats an agency loan?

. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

I had the same question when it came to my exit strategy.

Paying more to guarantee getting the product versus jumping through hoops (short sale) or possibility of now owning it at all (auction).I'm only asking questions to understand!

Once you have a pipeline, you can refine your criteria and adjust based on what works best for your market and strategy.