Hello,My wife and I found a home we like on www.hudhomestore.gov that seems like a good deal at face value for a potential flip or long term rental, but we have never purchased a home from them and wanted to find out the pros and cons of these types of deals.

If there’s any investors, experienced wholesalers, or anyone that can help me out to potentially closing my first deal that would be great!.

BiggerPockets has helped me tremendously with respect to:- growing my local, regional and nationwide network- learning about different markets and strategies- finding potential partners and dealsI know you'll get a ton of value from BP as well!

In my opinion even as I know the tendency can be to push the envelope to maximize potential, right...LOL!

A keen understanding of property valuation, repair costs, and potential profit is crucial for effective negotiation and staying organized in this fast-paced environment ensures smooth deal management and maximizes your success.

Hi Kenny, I have found a potential private money lender to lend me 20% of purchase price for down payment.

Hello everyone,I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.Background:Purchased a duplex in Roosevelt, UT for $210k, invested $20k+ in renovations.Currently valued at ~$275k with a mortgage of $197k.Planning to leverage the equity for a new project in Bear Lake, facing a housing crunch.Proposed Project:Partnering with my grandparents, who have $300k cash and a half-acre lot.Aim to build a quadplex, estimated cost: $1,000,000; ARV: $1,200,000.My contribution: $50k cash, project management, and labor (potential savings of $150-200k).Financial Breakdown:Total initial investment: $450k ($300k from grandparents, $50k from me).Required loan: $450-500k for construction.Post-construction plan: Either buy out grandparents or rent units for 2-3 years, offering them 5-8% annual return.

Its the business.Basically when I enter a new market, I fly in, meet all the potential property managers, learn the landlord basics, and find the labor as needed with the local agents/property managers to help me with snags. 

Here are some considerations and potential aspects associated with this unique funding approach:1.

I don’t worry about tenants getting upset and leaving because I have a waiting list of potential tenant’s.