If you’re not prepared for that, Detroit (and similar markets) might not be a fit.Older housing stock means more maintenance.

Did you join any coaching programs?

I’d love to hear from those who have flipped in New York—what unexpected costs should I prepare for?

Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.

Quote from @Blair Ross Jr: What platforms or programs do you use to assist you in selecting a tenant?

Be prepared to provide extra documentation, as the lender will need clear collateral and legal rights in case of default.

So, you need to know what the terms and conditions and time frames are for the private/HML lender when preparing to submit an offer.

However, it’s important to price competitively and be prepared for buyers to request concessions.

It depends on the loan program as there are different guidelines (for example, DSCR, FHA, VA, conventional).

I want to go in prepared and not just jump in because I have some money saved.