While I don’t yet own investment properties, my wife and I have successfully remodeled and sold a home for a profit, and I’m eager to build on that experience.

While these deals were successful, I realized that the cost of using hard money significantly ate into my profits.

It's better to save your credit line for profitable investments that earn much higher rates of return. 

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Cash invested: $25,000

Bought a house this fall in Minot for $90k. Currently have it rented and plan to ho...

Reinvest profits, stay patient, and keep building toward replacing your income.

Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines. 

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

The smaller more nimble banks such as state chartered or regional banks are better able to service you.If the LLC that owns the property is part of a legitimate business, is profitable, then you stand a good chance of securing some kind of funding.

I'm not here to debate, complain, or anything else.I simply shared my experience to help the poster, that is all.