That adds to the profityou don't have to spend money to get the property ready to sell when you sell itif you hold on to a rental long enough, you need to put money in to it to sell itthe ROE (return on equity) goes down over time and it would be more profitable to take profits and trade up if you can continue to buy properties under market value rather than keep the money in the same property for too long.

You should start building relationships with seasoned investors in your local market...with the right relationships, you'll eventually be able to use other's money, knowledge, skills, etc.

No matter what area of real estate you focus on, it's advantageous to always improve your skills.

If you aren't willing to trade housing for cocaine are you really an investor?

Depending on your skill level, your plan can achieve significant return, but be prepared that it will require more effort than other options.Good luck and I wish you the best at saving for your children's education.

What useful skills do you have?

Bottom line is what aligns with your knowledge, skills and abilities?

We are working on locking up our deal tomorrow hopefully, figured it would be wise to figure out the best way to attract contractors w/ good skills but understanding that this isn't a one off and is rather a relationship building situation.

That website, and all the linked documents, are written like so many others whose operators are from outside the US (and have poor English language skills) and typically perpetuate loan scams on unsuspecting borrowers.Their “Terms & Conditions” document for the loan is a joke.And I can guarantee you that no real “private lender” is loaning money at what they’re advertising (i.e. $50k up to $800M @ 5% interest for 35 years).

Meaning you work for free for them and learn the market and learn how to do the deals while helping them make money and ultimately you will learn the market AND the skills to do the deals you want to do in the way you want to do them.