There is concept... then there is reality.

Newark is always in a gentrification stage and hopefully, someday it will become a reality.

If you are serious about becoming financially free, you need to be brutally honest with yourself about your wants vs needs when it comes to these types of things.

Better make sure it's not uninsurable or any kind of traditional lender financing will be brutal/impossible.

Credit is dinged with unpaid debts, not divorce....In reality I think these Lease Option deals are dangerous.

I could write a book and film a reality show!!!

Time to reach for the skies and make dreams a reality..That being said, NEVER hesitate on an opportunity.

so i now see the rub.  have been researching this "smart leverage" method, aka BRRRR.  makes all the sense in the world until you find out that my local banks have absolutely no appetite for anything beyond 10 year ca...

However, during this conversation I was lead to think that it may be wise to raise the rents on this unit first because in reality they may try to do this with future tenants I try to acquire (i.e. speak out against the property, etc.).

I have begun putting together a team ( private lender, agent, contractor/fix it guy) to make my first deal a reality.