I want to give you some introductions for your study of Real Estate investing:         1.

I think there a lot of metrics you can use in order to negotiate a better price besides what you will discover during due diligence.

When I first got started in notes and discovered this forum, I spent a few hours and read through every post that caught my eye, going back for about a year.

I told them Okay, I am willing to install carpet in the areas CC&R's states (upon studying the rules it does state hard surface is okay in kitchen, dining room & bathroom).  

The goal should also be written down and studied regularly.

A new study of 483 cities shows Austin to be one of the least effected by the Covid financial impact.  

The property had sat for much longer than most during the time we were searching so we made low offer, discovered their bottom line, which was much lower than asking (I don't remember the number off the top of my head), and pulled the trigger.

The property had sat for much longer than most during the time we were searching so we made low offer, discovered their bottom line, which was much lower than asking (I don't remember the number off the top of my head), and pulled the trigger.

And if you put a conventional loan on the project and don't refi out that 401K loan, then you need very strong cashflow on the property to get it paid back quickly (hence why I like the BRRRR strategy better).If it were me, I would be saving like mad for the next 60+ days, studying my markets, building my teams (especially lending), getting solid deal flow going in that area so I could choose my projects.

The property is currently a wedding venue with 7 booked this summer, and we wanted to book the VRBO...which is how we discovered the property.I really like the lease -option idea, but I want to build a house to live in on the vacant parcel.