I've been watching a lot of BP videos and trying to educate myself on real estate business.

FHA 203K and FNMA Homestyle are two loan products that allow you to borrow to purchase the property and will give you an amount to fund the rehab. 

Keep in mind that a valid 1031 exchange relies on business to business "mindset."

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

Just finished my major in Business Management and am receiving my Management and Supervision certificate this summer.I've been studying real estate for a few years now, have watched tons of videos, calculated and ran numbers on numerous properties and listings, and talked with many lenders and real estate agents, but because I don't have anyone in my circle that's well-experienced in REI's I've hesitated to pull the trigger on anything.I'm looking to fix and flip, BRRR, LTR, MTR, STR, or multi-family.

They wouldn't accept our policy so we created an LLC in the name of the seller, which allowed us to change the insurance and still be protected as the named insured.

However, we do not want the tenant to pay for the electricity that we use.I contacted Edison and the County to see if we could install an additional electric pole to have a separate meter, but they said it is not allowed to have more than one pole for our property.I found a sub-meter on Amazon, and I wonder if it is allowed to install one on the electric pole, so our tenant can see how much energy we have used.

This allowed us to move quickly and efficiently, avoiding delays and capitalizing on the opportunity.

And even in areas where the HOA allows it, the neighbors could rally against you and make it very hard in old school HOA areas.

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"