Hello,I reside in Orlando, Florida, and am interested in purchasing a foreclosed property to implement the BRRRR strategy.

I'm a little nervous about using hard money if I don't have an immediate exit strategy.

Show them how you handle cancellations, obnoxious customers, trashed rentals, unauthorized guests and pets, etc.

@Kevin SiFirst, figure out your strategy, goals, level of involvement, etc.  

The only financing strategy you should be targeting for foreclosures is subject to.

What is your exit strategy on this deal, wholesaling, buy and hold, rent with option to buy, etc?

Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.

Definitely.Trying to go OOS for your first REI deal is a bit like trying to surf a monster 100 foot wave before you've learned to swim, or trying to ski a double black diamond for your very first run.Fortunately, there are simpler strategies that are much better suited for a first time RE investor (house hacking, specifically).

Michael assured us he provides value to his customers.

I think it is a lower risk building this in the center of a city than on 4 acres with no utilities in the center of a rural area without comps or limited comps and only a vacation rental market. my buyer pool is much larger being in a big city and urban and buying infill lots like in columbus ohio. this is just our strategy, I'm finalizing the renderings and everything next week an in contract on our first build for builds in Texas but this is what I would do.