Welcome to BP - what strategy are you looking to pursue for your first real estate investment?

And for two valid reasons: they don't know if Don is a trustworthy borrower (which he is not), and they could get a lot better profit (for the bank) from a brand new loan.

@Matthew Cook I would NOT pay for the renovations unless I was on title or had a very formal contract written about the split of profits.

Hey all,My name is Tony, I'm 35, just started actively pursuing financial independence and have been really hammering away at learning everything I can.

I've been saving for a house hack over the past two years and recently came across a great property in the Denver metro area that I’d love to pursue.

I’ve spoken with one credit union but could definitely pursue that option more vigorously.

Investing institutionally on behalf of our fund investors sparked my desire to pursue my own investments and create wealth independently.For my first property, I plan to use the BRRRR strategy, likely with the help of a hard money lender.

Like to learn about long term rental

.: Some of you have reached out to me to see if we can connect on zoom or other means to pursue legal options.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.