Banks heavily rely on tax returns when qualifying an individual or an LLC so you have to make the decision whether you're going to take all the deductions you qualify for and show a loss verses optimizing your income.That being said, my bank is willing to lend 75% LTV but I'm seeing private commercial lending at about 60-65% LTV so it's easier to get your money back from a bank than a private lender.Good luck!

I especially don't like it because you are relying on these many things out of your control to improve the value of the lot.

I look forward to networking with you all and make sing some good connections.As of now I feel confident that I have a good grasp of how it all works- I've got my cash on hand and my realtor connection- the last part of the equation is the right property and the GC- I have a full time career in another field so for the first bit I am goi g to rely on someone else to help meIf anyone has any advice/opinions or contacts please message meI look forward to getting to know you  

Busy professional by day but recognize the risk to relying on a single employer for retirement plans.

I've given up on the worcester wholesaler search and have relied on my realtor and MLS to find my flips.

I knew it was a great thing to do, but I didn't have the confidence to jump in alone so having the family member and someone they trusted lead the way meant I could basically not put too much thought into it and rely on trust.

That along with the fact we rely heavily on export of raw materials and we now have a tax and spend government in place we could see a negative economic shift on the horizon.Home prices will fall at some point, impossible to predict when.

My wife is very fiscally conservative, so she does not want to use up the full $40k and rely on our regular savings for reserves.The property is a ~100 year old duplex in good condition in north central Massachusetts.

Agents rely on repeat business so what better way to get that than an investor that keeps coming back over and over.I'm sure there are many more things that can be listed but those are the one's that came to mind.

So if you rely on the income to live off of, this can be a much better choice than the stock market.I know some people who have their entire portfolio in these types of properties, because it makes a great retirement vehicle.