Then just keep closing and moving on to the next deal reinvesting profits instead of blowing the money on non-productive expenditures.

The idea is to pull the most accurate comps.This isn't a ringing endorsement of CoStar since their other products are expensive, but at least for now, apartments.com is still free and useful.

He was "qualifying" you and he didn't see that your were appropriate for his product or you didn't have the coin to buy his product.

And when something is confusing or overwhelming, it is our natural tendency to turn away from it. 6) BUSINESS SETUP - separate bank account, decide on LLC/personal name/trust, and also acquire some good software for deal analysis in your area7) ANALYZE DEALS - as opportunities come in, analyze them.

Is the population growing, are big chains starting to move in if they're not already there, are jobs dependant on a specific employer or is there decent diversity (ex: we have tech and Boeing up here, but tech is starting to move to working from home and Boeing is starting to move some production out of state), whats the median income, where are the bad neighborhoods, etc.

I run my short-term rental business out of my personal house under my LLC, which I drew up a lease between that creates an agreement to pay for utilities, internet and common household products I need to function my business in exchange for the property.

It's totally worth it.A 203k loan is an FHA product that allows you to purchase a home and finance the rehab, while using the ARV as the "appraised amount."

@Neil Quinn I don't see any price rollbacks happening on materials anytime soon - natural disasters just have a way of increasing them due to demand.

It's totally worth it.A 203k loan is an FHA product that allows you to purchase a home and finance the rehab, while using the ARV as the "appraised amount."

If you've got a good product and are properly marketing yourself the clients are endless.