I’m an active investor here in RI since the early 2000s and for networking with other local investors I recommend the RI Real Estate Investors Group which meets monthly in Warwick.I’ve been a member since 2003 and have met some of my closest friends and business partners through the group, have presented a few times over the years, etc.I hope to see you at a future meeting!

Currently, I’m getting through “profit first“ for real estate investors (book).

By acquiring more properties, you will create larger amounts of wealth diversified amongst several properties through leverage and appreciation.

He will walk you through the note creation process.

Source a few contractors, walk them through the property, and ask them each for their best quote for a full gut renovation. 

I have had many, many problems with contractors over the years that were 100 percent their fault, but I have also had a quick trigger on contractors, not realizing that none of them work they way I want them to, but it's whether or not they are working better than the person you would have to get to replace them half through the job.

Purchase price: $140,000 Sale price: $260,000 We funded this deal entirely through private and hard money, allowing us to invest without using any of our own money.

I read a lot of books, went to workshops, and looked for advice from people who had already been through the problems I was having.

Then with the equity you build up through loan paydown and appreciation over the course of a few years you can cash out refinance and use that money to snowball into another property.

Having an existing HELOC is always a great resource (if you are planning on repaying the HELOC through the sale of said property, assuming equity would cover the loan payoff.