If you get a good deal this can be a good way to get sweat equity right from the get go.

If they go down, no sweat, they were inexpensive to start and they make money.

I really like the idea of "sweat equity" as my good friend put it that i was out on the boat with saturday.

About me: In a normal 9-5 job, but looking to get into REI Goal: Looking to start at owning small unit multi-family in/around Houston (initially) How can BP help: I'm very interested in learning how to best source off-market deals, securing private $ (I don't have much of my own to invest, but bring significant sweat equity and analytics), and efficiency in operating/managing/marketing once owned.

I talked to my bank about it and he said he could refinance the loan before the 6 month window,  but it would be at what you closed on the house with, not the fixed up rate, I.e. no sweat equity. 

As Brandon and co always say on the podcast of mentorship, you need to adhere to the principles of the value triangle: money, experience or sweat equity.

People think they can bring in sweat equity/time but larger multifamily is so automated with various teams already doing the work that there is little value in doing things yourself (ie. rehab, self manage, etc.).

As far as work is concerned, it would be my sweat equity and I'm thinking six months of time and around 25,000.00 of repairs. 

Doesn't happen as Wayne mentioned, but the OP states don't sweat the details, LOL.Did you also notice you're living off $250 a month, really? 

As well, we'd like to manage more & sweat less for our equity.