I also was debating a live in flip since cash flow is hard to find but I will keep running numbers in the area to find potential opportunities and deals.

However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.

Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.One last thing – we recommended you create a Status column on your spreadsheet, now we’ll explain why.

We really believe in the power and efficiency of modular building for rental units as well as pursuing some seller finance deals.

We act as your 'boots on the ground" for every deal we work on.  

The problem is that we’re wasting valuable time BEFORE we even know if a deal is a possibility. 

@Vinessa EiseleInteresting negotiating skills.I have lenders who will allow seconds on DSCR loans, but the "seller financed" part is limited to 15%, whereas the borrower must bring at least 10% of their own funds to the deal. 

What I was told is that the deal must close in your name and be recorded and then you can start the process of moving it into your LLC. 

Just as a heads up as not sure which timeframe of BP podcasts, but before covid you could do a BRRRR and get all your money back out of the deal, today that is typically not the case and you will still have money in the deal - so just wanted to mention that.Lastly, you are way ahead of me and many others already as I cannot swing a hammer :)

We also had the seller buy down our rate which helped.If you're open to investing in different markets but want to stay in Boulder, you might find a good enough deal to make it worth purchasing an investment in a different market first while continuing to rent in Boulder.