Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

I am seeing that on the west cost projects stopping not necessarily once they go vertical but for sure during the infrastructure development stage.. one right across the street from me they built 30 lots and just winterized and wont start for at least another year..  

I started out looking at turnkey and a 1% R/V, realized that was not much of a thing at the late stage I was entering REI, decided to purchase properties with an agent and do any necessary repairs or rehab with the help of a property management company, seeking deals where a little value add would go a long way.How did you find this deal and how did you negotiate it?

I started out looking at turnkey and a 1% R/V, realized that was not much of a thing at the late stage I was entering REI, decided to purchase properties with an agent and do any necessary repairs or rehab with the help of a property management company, seeking deals where a little value add would go a long way.

I believe if your team members grow with your business from stage one, it will be better off in the long run.

Theres many advantages that these strategies can play in eliminating all or most of your fed/state taxes.After this stage where you've eliminated or covered your housing and tax expenses its all "gravy," just keep rinsing and repeating till you reach your desired cashflow goals or net worth goals.The next stage that will come into play is stabilizing your cashflows and asset protection strategies because things arent always so stable month to month with real estate and keeping things going smoothly takes a lot of good people on your team along with processes and systems.

Hey,I am currently under contract on a commercial space w/ over 9,000 SQ.FT - high-quality block & brick construction, stage three electric, new rubber roof, etc.I believe it was most recently used as a retail store judging by a old walk-up counter in the front of the building... the building requires slight work w/ an estimation of $25K on the extreme end.The building is split in half w/ a stick framed wall causing a split of about (43 X 60) on the side closer to the street w/ a (10 X 10) office space that has a bathroom, as well as an additional (5 X 6) bathroom accessible from the entire front portion of the building.The back half of the building measures (30 X 70) w/ an additional framed wall in the back for an additional (10 X 70) storage space... the back half of the building has a second story walkout & walk-down access to the basement.Additionally, there is a basement sized (43X41) w/ an exterior walkout.I intend on putting this building out in phases....- The first being converting the (10 X 70) space into seven (10 X 10) storage spaces aimed for paper storage for professional offices such as title companies, real estate brokerages, etc... the income from this will cover the seller financing note I have on the property.- After that, it's to the front of the building... there's a few general renovation tasks that I won't bore you with but I will be putting a garage door in the front of the building to make this space indoor car storage for at least fifteen cars... this portion of the building isn't over the basement but I'll wait until a structural engineer gives me the okay before I start this project.- I'll also be putting a front door on that (10 X 10) space when we're adding the garage door to have the option to rent it out but I'm most likely going to keep the space for myself.- Once complete w/ the front of the building I'm likely going to mirror the storage setup onto the other side of the building in the back partition...

Actually quite flex on location in this stage.

They aren't just cleaners, but stagers responsible for setting the stage for a 5-star experience from the moment the guest shows up outside the property.

@Andrew Perkins First and foremost, I would advise you guys to be cautious if you ever decide to use the capital for flipping a house because there too many inherent risks, especially at this stage in your REI journey.