I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

I would have done things a little differently in terms of purchasing our second property, knowing what I know now.

@Michael AndersonIf you are looking for long-term growth, you aren't going to find it in Springfield, OH.

I'm particularly passionate about Long term rentals but want to explore other aspects as I learn.Outside of real estate, I am a tech nerd and history nerd.Excited to learn and connect with you all!

I'm seeking suggestions on how to expand beyond my current investments, which consist of one long-term rental and my current primary residence.Background: In 2020, I purchased my primary single-family home near Camp Lejeune, NC, using a 0% down VA loan for approximately $184k.

I've been a full-time real estate investor since 2019 and have flipped hundreds of houses and currently own a 50+ SFH rental portfolio (including short-term & long-term rentals). 

Our group doesn't want to create a huge number of vacancies, so some of the NOI is being trimmed in the short term.

Hey Glenn, To keep it simple (and in general terms), bigger banks usually do not fund distressed properties that need rehab.

If the seller is open to seller financing, I was thinking of putting in a full price offer with 10% down and maybe terms of 30 years with 4% interest rate.  

I quickly learned that just because I signed a term sheet doesn't mean it's set in stone.