It is a good reminder to be extra cautious before going into anything.

Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.But if your market doesn't provide the cash flow you're lookng for I would check out single family and duplexes in Cleveland, OH that can produce strong cash flow such as 44102, 44109, 44111, and 44135.Go into Zillow under rents and look at days listed and contacts.

You may not be able to qualify for Conventional, or what you qualify for might be too low, but it's absolutely worth exploring.If your credit card minimum monthly payment is only $25/mo, then you are actually mostly likely better off NOT paying it down or off, and having that extra $7K available for down payment and reserves.

I would understand that if he was just representing me as the buyer's agent and not owning it 50/50 with me, he would be able to take 100% of that commission for himself, for providing that service.

Would be happy to connect and see if we can provide some value to each other and mastermind.Best of luck to you!

Logan, are you able to provide some more background on what the relation with the land you own has with the magistrate to clear up some confusion?  

There’s also plenty of lenders who will fund construction and provide for a stabilized release which works similarly to a cash out refinance.

Typically the bank will not provide funding because of the liability risk of the it not only on your site but if it made its way to other parcels.

I am interested in North Carolina as a market to potentially invest in.Can anyone provide feedback on the market?

I have a deal vetting business for PMLs who need extra help understanding how to protect themselves.