Episode 276 - Bryce Stewart - "Vacuum the Truck" is an analogy that Bryce came up with when taking his investing career step-by-step, play-by-play, and illustrates how effective you can be if you just stick the basics and trust the process.

This property caught my eye for several reasonsmostly because I drive by it frequentlyit offers a commercial space, apartments, and mobile home lotsit's close to my other investments and where I liveI feel like this is an area ready to grow (it's the non-interstate link from big town to small town)it's not so expensive I can't find a way to do the dealI've been investigating mobile home investing lately, and this is one way to learn thatI don't have a physical office space for my business, and this would lend credibility to my business (and allow me to have high-speed internet, which I can't get currently)I can use an apartment and rent my SFR for morethe mixed use feels like diversificationI wouldn't be surprised to see an investor try to buy this and several other spaces up for a large developmentI see potential in possibly converting the mobiles to tiny houses and increase rents accordinglyI'm not in love with the deal, but a couple of those reasons would sway me to consider a less-than-great deal, for non-financial reasons.The numbers really look not very good, and it looks like a bad deal as it sits, considering I'm adding 1000 in rent increase and no rehab in this scenario. 

I did it in my market- could not imagine starting any other way “alone.”not to get off the subject but this is why always cringe when I see these folks get on here and say I have no money no experience so I am going to wholesale  :)  not sure who feeds these folks these lines of BS  but cant think of a tougher thing to do.Granted there will be a few that can push through.. but not many like a burn out rate at 98%.... so same thing starting out doing deals I think like your saying PE partner is basically a must

To limit exposure, I was thinking of buying using my Line of Credit, and paying it off with cash: basically acting as my own bank.

They offer a "free" appraisal which consists of a drive by, and comps.

I've read up on it and understand the basics but I wanted to run my situation by the forum and see if I could glean some wisdom as to whether I'm ready to head down the refi path with one of those triplexes.  

Basically like a jack-of-all-trades handyman that I can give a call when I need and work with.

But the comps he gave me have a very large range (about 40k) for basically identical properties.

However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).

I'm thinking I may just have to spend some time driving around and finding distressed units so I can try a 203k loan.