Moves risk to be financially covered by insurance hypothetically.

I keep wanting these to work, I really love the idea of this asset class...

Has anything changed in your knowledge and assets so far.I’ll DM you my number to discuss if you have sometime that’d be great.

Your $30k should be your emergency fund and not used for new investments at this time.Consider talking to a CPA or financial advisor.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.

There was an onboarding phase, which was mostly about uploading our financial docs and answering questions.

@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?