If they were approved by a bank to buy an $850k home last year, now selling that home for a gain, I know them and have positive experiences and believe they have solid character, we were neighbors for a while, their young girls are very sweet (and occasionally very helpful with yard work) ...why would another background check be required?

Hello Everyone,I just recently received my real estate license (finally) and  I've been looking for part-time real estate work with the intentions on going full-time in the Indianapolis area.  I honestly don't care wh...

I know a few friends who have dumpy rentals 30 minutes from town that they rent cheap and do very little maintainence but have a LOT of turn over.

Thanks so much for the support and positive messages; great community here! 

• Lastly, when negotiating seller held financing,we can negotiate the ability to substitutecollateral (move the mortgage to anotherproperty) or subordinate the mortgage so thatyou can borrow on the property and the sellernote remains in second position.

Does this guy know what your financial position is? 

Howdy @Isaac B.I agree with @Mike B. and @Andrew SyriosPart of doing the BRRRR strategy is receiving positive cash flow. 

There is about $110 additional expenses monthly.Current rent is at $1435 with $464.00 positive cash  flowARV came back at $200k after appraisal!!!

I have thought about hard money lenders but most of my contacts lend on properties that are significantly under value so that if they need to take the collateral they are in a good position.

If you want a lot of positive cash flow from your rental properties I would suggest investing out of state.