You also are only Cash Flowing less than $100 per unit.The ideal BRRRR deal would end with Zero of your cash left in it.  

Ideally personally I’d keep my overall portfolio at 35-40 percent equity.

The land alone in those areas is 500k to 1 million an an acre before building the structure and profit rolled in on resale for a developer to sell to an end buyer.

Another development, he hasn't replied to me since this Wednesday and today sent me a text with another story apologizing for not responding and decided to send the $50 late fee (which I received).  

If my research is of any indication, the owner might be looking to turn this land into a development site for a condo.

Timing isn't ideal - at least in Minnesota - but I figure real estate is just like any other industry: regardless of market conditions there is always money to be made if you're creative, have a plan and the right strategy.My business partner and I have the creativity part down but the plan and strategy are items that we're working on.

The deadline is very strict, and the custodian must receive the money by the deadline.If it's anything other than A or B - there could be some important complications.Once you acquire the property, ideally you should limit your personal use to no more than the greater of: 14 days, or10% of the total days you rent it to others at a fair rental price.If you exceed this number, your tax deductions will be limited.And when I say "personal use" it does not mean just you.

I'd like to be an investor/developer in the future and CRE seems like a great place to learn while you earn.

Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes).

However, there are a lot of hotels looking to build in and near downtown Waco and you best believe they will start lobbying and pushing their weight around to get STRs banned or regulated as much as possible when they start moving forward with development.