The big player in town even owns a company that lends hard money.They have been incredibly helpful in getting my business off the ground, they even purchased my first wholesale deal from me and i have taken a few of them to lunch to pick their brain.

One of the major difficulties, when you are pursuing the purchase of short sale property, is the number of players involved.

Hey Stacy, just so you know... we are all kind of different players in turnkey world.

If you think you want to do short-term, you'll be best off being near the theme parks, If long term, you could be anywhere, but with long term, you won't be able to use it....If you plan to use it yourself and like to play golf or enjoy resort amenities, than Reunion or Championsgate may be a good fit.

A prime example is a short term rental at a ski resort.

It worked for two summers during Covid though. someone unloaded a “campground” with 6-7 sheds for 400k, new owners 0 bookings even at $50…another person developed 250 square foot tree houses can’t rent them, and trying to sell the “resort” on mls as we speak with multiple price reductions.

Parents should be the lender of last resort..........parents bail you out for $10k when things go wrong, its what you do for your kids, they may shout at you, but they will usually resolve the problemWhen you need $10k, when the whole world just went black, you need someone to turn to, keep that someone as your mum and dad.

I found a lot of people with money, that were not comfortable putting it in a real estate deal, or they wanted interest and a part of the deal, or they were private money lenders until the point that they realized they could draw up a contract and basically turn themselves in to a hard money lender at 3 points and 12%...So we resorted to just using Hard Money on our flips, maximizing our income outside of real estate, reducing our expenses and spending, etc.

Allstate is not a player in multifamily space.Where is your 4 unit located?

Not only did I find it easier to land a deal in a hot market [these big players and cash investors tend to stay away from these 100 y/o pre war built homes-- which on top of cosmetic upgrades, need new mechanicals-- and they want quick returns, money in, money out] but I gained valuable, hands-on experience w/ the full-gut renovation and forced some decent equity in the process.