Hi Elliot,I recently embarked on my journey for financial freedom and started with out of state investments.

Does anyone have experience with Close Now LLC (broker) or W Financial (seems to be the funding arm)?

@Eddie QuirkI see a financial disaster in the works here but its a great learning curve so, GOOD LUCK.

Generally, you would only be forced to sell, if you had gotten into financial trouble in another area and needed to get your equity out of the property as a life raft.I don't know what your market is like or what your financial situation is like. 

In the Dallas area, it would depend on what class of property you are looking for and what your acquisition parameters - financial targets - are. 

If your plan is to buy it, fix it, and sell it when it's done, then you need to get your reno cost way way cheaper than it is right now.If you are using hard money lender, then the rental income is not going to make sense financially, you would be much better off investment elsewhere

We are just speculating on the upward moving of this market because the house price keeps rising and there are organic factors that support it so in a moment we think negative cash flow can gradually be covered by picked up rising rental rate, but i guess its not financially sound on this deal

I know they have some financial base 3.

IRR is calculated using a spreadsheet formula or a financial calculator.

I love that everyone here is as excited about real estate as I am it has inspired me to take action towards my financial & real estate investment goals!