I quickly chose one of the first 'investor-friendly' agents I found, bought the cheapest duplex on the market, and only interviewed a single property management company.Looking back, I wish I had taken the time to connect with more local investors in the area and leveraged their experiences to help me avoid some costly mistakes.After two years, I sold that underperforming duplex and reinvested closer to home.

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized. 

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not all syndications purchase properties with variable rates, if anything the group hit hard are those that raised money during 2021 & 2022 at record low rates and pushed quick turnaround value adds.

The BEST lenders I have ever worked with (as a borrower) are, as you say, quick to respond, reliable, honest, and never leave me hanging. 

As for funding, hard money can cut into profits, but it’s useful for scaling quickly.

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

it doesn’t really matter.In my experience, cash flow will never make you rich.  

Quick question, which Guru did you learn SubTo from? 

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