It can be easier to connect with a quality mentor at a local meetup.

Sourcing quality deals seems to the biggest impediment that most investors are facing.

However, I got serious when I heard Mr Gregory speak last yr.

For the funds the down payment on the Brooklyn home, we have been speaking to our mortgage broker about options.

The lack of quality of some homebuilders is frustrating.

@Cameron Belknap FHA loan rules in HUD 4000.1 mention not counting the basement as part of the Gross Living Area; however, part of the FHA requirements found in HUD 4000.1 includes a section on “converted spaces” which states:“The Appraiser must treat room additions and garage conversions as part of the GLA of the dwelling, provided that the addition or conversion space…is accessible from the interior of the main dwelling in a functional manner; has a permanent and sufficient heat source… and was built in keeping with the design, appeal, and quality of construction of the main dwelling.”Furthermore,“The Appraiser must analyze and report differences in functional utility when selecting comparable properties of similar total GLA that do not include converted living space.

My wife and I manage a 3 family in which 2 apts. were updated by us and we have quality tenants in the new apts.A third apt. is still rented to a left over tenant from when my wife’s mother owned the house.

There’s really no equity to speak of so if there is a lawsuit, there’s limited exposure post insurance coverage. 

I have also found that being a Realtor and investor is a HUGE advantage for me when speaking with new clients.

So practically speaking it fanstatic .