The project is financed through a local private lender and he has extended additional funds for the additional construction costs.  

Account Closed the biggest thing is to pick a multi unit that is in a high rental demand area.

Although that product is great for follow up and wholesaling, we are looking for a workspace designed to also manage rehab projects and rentals, as well as a better place to keep track of our private lenders/coaching clients/agents etc. 

Cons: biggest one most people say is you’re buying at market value and you can’t sell for a while (at least 5-10 years).

Scott has a private FB group that I also want to join, to network with other investors. 

Or request a private one!

Hey @Francis Sirch, I'll message you privately to inquire further on the project.

Technically, that’s no longer a renewal - that’s a renegotiation of the contract and had we known we would’ve accepted another offer.The whole thing is bizarre, I have a sense they have an agenda they’re not disclosing because at this price range, with kids enrolled in great private schools nearby, our experience has been the opposite - families wanting to lock the house down at their sole option for x years at x price.The arguments the tenants presented are very bizarre as well (what if lightning strikes the house, or I decide to adopt 4 children and need more rooms, what if I need laser surgery only available in Europe).

@Jeremy Tallman My biggest regret in real estate is not starting sooner,  I was around 30 when I bought my first property but had been considering doing it for a decade at that point. 

Or a private annuity trust.