I have cleaned up a number of these deals over the years.. they are all great when they are working and everyone is on the same page but when they are not.. there is extreme risk to the original seller especially in Texas were a bank or lender can get a money judgement on purchase money loan.. out west not so critical original seller just gets their credit trashed if it was not already.. but there is no money judgement available to the lender for a purchase money owner occ loan in first position.

So I decided to hold off on purchasing more properties and focus on growing my construction company.

I’m considering purchasing a rental property in Southern New Hampshire due to the more affordable multifamily options compared to Boston.

If it this stickily a rental there are 30Y DSCR loans available that allow you to refinance immediately after you purchase with cash BUT you are going to max out at 80% LTC.

(My company has it’s general liability insurance, of course.)So, this is a temporary arrangement, at least for now.He will charge a fee to pull permits and to do periodic inspections to make sure my subcontractors are doing quality work but I will be project managing the entire job and handling all components of the renovation from design, floor plans, estimating, purchasing, hiring and overseeing the subcontractors, etc.The general contractor and I are regrouping next week to discuss what he would like to charge and I just want to get some feedback from you experts before we meet.

Purchase price: $200,000 Cash invested: $15,000 Sale price: $260,000 Purchased a cosmetic flip, invested about 8k in repairs, and a couple thousand for using a HML, listed on market and received multiple offers all above asking price.

At the same time, educate yourself on how to locate and purchase investment property.

I also suggest purchasing a book on Audible called "Real Estate Terms Pocket Dictionary."

Purchase price: $222,000 Cash invested: $13,000 I Purchased and rehabbed this property in 2013 using a FHA 203K Construction loan.

We work with a lot of folks from Cali, Oregon and Washington who purchase over here in Arizona.