My name is Andres Padilla, and I specialize in buying real estate properties for short-term leasing, long-term leasing, and property flipping.

If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.

He created lot of issues saying mold in the property recently.

Once I had the property under contract approximately $50,000 below market value, I contacted A private money lender.

I am doing a cash out refi on an investment property I currently own.

It all adds up.Good luck with your first rental property in Michigan!

Can I put the kentucky property in my illinois llc or form a new one in Kentucky.

Find former owner, buy their rights for very little money (often only $100 to $200) and redeem.

To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

Hi BiggerPockets Community,I'm a first-time real estate investor and currently exploring different markets to make my first multi-family property purchase.