Properties have to be purchased in cash the day of auction, so besides raising private money from friends and family, are there any private money lenders that will lend to me using this strategy?

I’m interested in using private money to get started and continue using the BRRRR method as I love value add and I’m able to do a lot of the work myself.

My property manager recommends i notify the FBI but I'll be honest, I really just want my money.

If I invest that money into a rental property that breaks even, wouldn't I actually be cashflow negative $150 per month now that I'm not getting that interest from the HYSA anymore?

I also haven't ever had a CPA who demanded money upfront.

Hi Michael,So there's negatively, neutrally, and positively leveraged debt.You don't want negatively leveraged debt because you need to bring money to the table each month to pay for the bill.Positively leveraged debt throws off cash each month.

I know personal letters would take more time and cost more money, but I would rather send out less of higher quality then more at lower quality.Having said all of that I would recommend that you tell everyone you interact with that you are a real estate investor and tell them what kind of properties you buy.

I think many investors are going around that rule in Baltimore City, so I assume they are doing it in other counties.Not trying to pick on you as you are 110% correct and understand you are just reporting the facts on the ground, just I think the logic about this, about “off market” deals is kind of off, like there are plenty of ways to make money skirting the rules, taking advantage of old people etc, and there are more profitable ways than real estate to do that, at that point your not really a real estate investor, your just someone making money not playing by the rules of your competition and taking advantage of people, which to me shouldn’t be considered “a real estate strategy”

Also, phoenix is great because the city is looking to kickstart free grant money for multi family properties in the next few months to renovate (up to 25k per unit), i was just on a zoom call discussing it with them before Christmas. 

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