We currently have 80 team members on our property management team, and every time we take over a deal, we need to hire staff.

This avoids the seasoning period and still allows conventional financing for the best rates. 

Todd,A Reverse Mortgage or HECM loan is an Agency backed mortgage that allows you to access a portion of your equity with no payment required, the interest you're not paying gets added to the loan.

Our efficient strategy allowed us to sell it within one month for $285,000 on 3/29/2024.

Hi @Suraj ApoorvaOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

However, I'd like to start building a some key players on my team.

Amazingly, the bank holding our note AGREED to allow the note to remain in place after we sold the property and allow us to do a “wrap” (the bank has done significant business with us, and obviously wants to continue the relationship).  

I get it, build a team, hire professionals, blah blah. 

Hi @Dailyn SouderOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Ultimately we are all on the same team - trying to get a home sold for the best possible price.