It’s best to wait until after the property is a rental to maximize tax benefits.

I've been receiving some inquiries from potential sellers for a wholesale deal, and I'm having trouble figuring out the best offer to give.

We want to know exactly what interest rate we’ll pay on a mortgage, what the water bill will be, if the property next door is thinking of selling, and everything else that has even marginal relevance.  

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

Inspecting the property can help identify any issues that might affect its value or the borrower’s repayment ability.During negotiations, be clear about loan amounts, interest rates, and repayment terms.

Yes, there are a lot of people who spend less than they make and have a surplus.There are others who are inheriting wealth from othersBut there is another subset that we often forget: those who have equity in their homes.Much of the equity has built up due to a runup in home values since 2020, which allows these people to use a HELOC to purchase a home for cash.When rates were low there was a group of people who were using Hard money to purchase and rehab buildings and then refinancing at the end this was the BRRR strategy.Hard Money is not an option these days since the cost of refinancing at the end of the project is too expensive.So when we see people paying cash, it is often pent-up savings and HELOC money that people use, and not as often Hard Money.

The HELOC would be a variable interest rate, correct?

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

      I am looking to get some advice on the best ways to buy land and create a food truck park in TX. 

You will most likely pay above market rates for the places if the owner is savvy enough.