Then, after a tenant stay for 6 months, that bumps up to 9%.

Though you should know that you will have expenses well before you get your fist closing so plan and budget for that.4) Join a large brokerage or team that can teach you without you having to do it on your own.

@Dave Van Horn Apologies for bumping such and old post but could you talk more about or provide any resources about utilizing captive insurance to offset the taxes?

Don't want to catch yourself gambling on a bet that wont pay out Bump to this:Safest bets are NE Philly, Roxborough, Chestnut hill, parts of W MT Airy, and suburbs (Bucks/Montco)

@Brian Bradley  and on the note subject you have two schools you have the NPN guys like what cody is talking about.. and you have someone like me who only wants performing.. the investor in those two are very different in philosophy the performing note buyer/investor is generally looking for mail box money and to anchor their portfolio with solid secure stable notes.the NPN is looking for aggressive growth and willing to take the lumps and bumps along the road to get there.. as @Cody Cox mentioned there are many how to trainers out there all focusing on NPN.. and BP is well represented with those that have NPN funds..

Bump!

However, it seems like I have the option to do conventional and since the property has tenants in both units paying like $600/mo each, I was thinking is it better to maybe do a conventional and bump the rent to maybe $750 a month?

Overall it’s added a “bump” to my net worth and accelerated portfolio growth.  

Bump.

I believe that 1 flip a year you're good, 2 is a gray area, and more than 2 in a year could get you bumped up to a dealer.