But if this is a one-off, it's probably better to pay a local co-host who already has the local connections.Talk to @J.

Let’s just say I want to avoid rookie mistakes before I take the plunge.Looking forward to hearing from all the experienced (or even not-so-experienced!)

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

One thing that I’m seeing it that large multi unit buildings beyond the 800k mark are all on a boiler and paying to heat the entire building ruins the numbers.

All the best!

If you’re trying to scale, think beyond the one-man show approach—find ways to work with wholesalers, rehabbers, and syndicators.3.

All it does is creates more competition.2.

I love all this last minute BS they are pulling.

It's not rehabs and is scalable. its new construction but doesn't have all the headaches.

This kind of govt nosiness and overreach is why I initially decided against the financial planning industry before starting in credit. you can thank 2008 and all the fraud that went on for that.