Once the investor understands these three FOUNDATIONAL aspects of real estate investing, they can comprehend the creative and wealth building techniques and strategies and successfully apply them to individual deals.  

Not to mention that I own log term this beautiful house in a nice suburb of houston, where all the big components are brand new and expectin Lessons learned?

I saw the post wasn't long ago but curious where you are now at with the land.  

Quote from @Elias Halvorson: You probably can still do an DSCR, with a letter of explanation on the lates if you wanted something now, otherwise you can wait 5-7 months until those lates are no longer in the past 12 months and do a conventional loan  with better terms.  

Many will be well educated on their housing options guided by their brands, teams and universities, and are well capitalized and qualified on a short term 3-6-12 month basis, and I actually had a client purchase a newer townhome in Tallahassee for lease to a football player at FSU..Keep in mind the top earning NIL athletes stretch across multiple men's and woman's sports. 

So we are not in agreement.I sent this to my tax accountant https://www.investopedia.com/terms/p/passiveincome.asp.She sent the IRS link to me https://www.irs.gov/pub/irs-pdf/p925.pdfI wonder how your tax accountant treat your private lending interest?

On 07/30/2024, we successfully sold it for $260,000, showcasing our efficient renovation strategy and maximizing returns through a profitable partnership.

Interest is long term appreciation though some sort of positive cash flow would be ideal.thanks so much !!

Watch out for default terms, due-on-sale clauses, and negotiate prepayment penalties if applicable.

I'm also looking to build a reliable team, including an agent or property manager, to assist with this long-term investment.If you have any recommendations for the area, I'd love to hear them.