He is a hands on landlord and drives around with ten thousand or more dollars in his pocket, day and night, collecting the rents and checking on his trailers and prefab homes to make all his payments and repairs.

Private lenders typically want skin in the game, most like to see a history of flips.

They have no skin in the game at all.The PM should have REQUIRED the deposit from you if they have the executed lease, otherwise how can they account for it on move out?

From what I've learned after some reading and from listening to many episodes of the Bigger Pockets podcast, some of the keys to success in my current field - including an eye for location and rehab potential, the creation of "added value" and "competitive advantage" and, more than anything, the ability to build relationships - are important to real estate investing and I'm excited to employ them in this new arena.I'm thrilled to find BP and look forward to getting to know some of you!

Good Evening Bigger Pockets, After 3 years of hard work I've been able to get my first multi family Property in west new York, NJ.

A great way to get started figuring out WHAT those questions are is by reading through this free guide "The Bigger Pockets Ultimate Beginner's Guide": https://www.biggerpockets.com/real-estate-investin....

@Alex KnightsWelcome to Bigger Pockets.

Hi @Calvin Waddy,Welcome to Bigger Pockets community.

I have a whole team behind me who run these logistical games all day long.

The seller avoids foreclosure and walks away with his credit more or less intact, his mortgage paid off, and $15k in his pocket to start a new life.3.