Also the key thing to pressure the cost really low is to keep using the same set of subcon that they're more "generalist" rather than an specialist meaning they can do multiple type of task for different type of job.

Hi Cody - DSCR loans are a great tool in these types of scenarios.

For example it is waterfront, is a flat cleared lot next to a tourist attraction with insufficient parking, it is positioned next to a church or other type of building that may need overflow parking, in between to meticulously maintained houses, or in an amazing school district.

There's a lot more I could say about how to setup your company structure, asset protection, the legal documents, banking, tax etc etc.

In most major cities, it's pretty challenging to work with these types of homes from a zoning standpoint.

Remember not all loans are securitizedWe see around $250M a week in the types of loans you are describing that we can buy from.

What made you interested in investing in this type of deal?

Once we closed on the property, we got the documents from state about his section 8 voucher.

These rules restrict the ability to deduct losses from passive activities against other types of income such as wages from your W-2 job.

A major point to this scenario:  the attorney prepares a document explaining the transaction and risks involved in detail and has the seller sign, and notarize the document.