It took about a year before I got the property signed over to me.

Direct Control: Managing the project yourself gives you direct control over every aspect, from selecting materials to scheduling subcontractors, ensuring that your vision is accurately 3.Learning Experience: Taking on the role of a GC can be a valuable learning experience, providing insight into the construction process and improving your skills for future projects.4.

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

I had to go to zoning and spend thousands to get it legalized.Your situation seems as if it is zoned as a single family home, and it was split into 2 apartments with no building permits.He's selling the property because he has the wrong zoning, and is finding a bank or an investor who over looks the problems that will arise once they close.With the way things are with insurance, I wouldn't be surprised if your insurance company will not insure for two unitsgood luckGino

Though, it will require you to spend money on the move and the hook ups (i.e. electrical, water, gas, etc). 

A buddy of mine did build a portfolio of 150 units in Philly (germantown actually) and has created equity of about $15MM over 10 years.  

This community has helped me learn SO MUCH over the years and I am sure you will gain so much from it too!

You could search Southern California, or any other  term you are interested in  and every post with that in them (out of over 3 million of them) will pop up for your reading pleasure. 

About 16 over 6 months, from there started doing business coaching and started a business that is doing well in addition to the real estate.

I have been in Property Management for over 6 years now and I am very familiar with the co-living strategy, if you have any questions feel free to reach out!