Okay, so for those of you who have interacted with me on here would know I'm a young thriving individual who is looking for his first wholesale deal in the market.

More risk but possibly more reward.

Fun money to reward yourself (5%)This book preaches leveraging other peoples money to finance your flips so investing all the profits into your next deal is not in line with his strategy, although I'm sure this is an option as well.

It is probably not as easy as you imagine, and the risk vs reward (ie: greater equity) may not as favorable as you'd like.

Don't forget to put in some sturdy bedroom doors and a keying system you can control for both the front door and each bedroom if you are going to rent them individually.

NYC (Manhattan + boroughs) really is its own beast where the competition is MUCH higher, but so are the rewards 😄.

Talk with your insurance agent to make sure you have the correct policy(s) in place if/when you decide to rent it out to another individual.

I ask because some other lenders that I had questioned advised me that they would only lend in individual names.

I'd like to build a community around me of like minded individuals. 

We made a lot of mistakes and definitely over spent but we learned for next time which is a reward in itself.