TC is just the platform to enable you to do it all yourself, and if that's what you're looking for it's a great deal.

After closing on this deal, I like to reflect and extract lessons that I’ve learnt along the way.

Being responsive to requests and providing a high quality of customer service is quite difficult when you’re managing over 100 different properties and tenants and the income generally isn’t great enough to enable the property manager to hire additional personnel.Why is property management of single family rentals such a difficult business? 

Nowadays, most of my business is by referral, however I do work weird lists and extract further data to create proprietary lists for my own use.

I understand that the shade is being cast by the seller.These are the thoughts and questions that my mind raises: Every time a weed gets watered, it grows stronger allowing it to choke the flowers around it.Are you rewarding and enabling his behavior by going through with the deal? 

It might not be "fun" but taking a 4% return on Property #1 knowing that it will enable you to raise a blended average return over time it's exactly bad!  

People told me I was nuts to buy this old house and to make sure I knew what I was getting myself into, LOLThis enabled me to save up quickly and buy a Mother/Daughter that I occupied and rented out 2nd floor which paid 3/4 of my Mortgage so again I had W-2 income, my 4 family income and a very small mortgage at my Mother Daughter as my tenant was paying 3/4 of it....At this point I knew I Was on to something and was definitely hooked and realized this is a fantastic way to build wealth, equity and get ahead.....This was almost 20 years ago and I am still going have 15 properties 28 doors that I self manage while work a full time job.It can be crazy sometimes but I love this business and would be nowhere close to where I am at financially if it weren't for Real Estate.Definitely takes drive, passion, the want and desire, some risk taking AND a lot of hard work. 

Give a pro rated invoice if you must, but when I do, I try to extract a couple of extra months to get the expiration to a month that is in my favor.

Basically the use of a HELOC defers the new loan process to after the acquisition, enabling you to move faster to lock up the deal.

That experience enables the loan fund manager to take over the project if the flipper stops making payments or can’t stick to a timeline.