Lastly, go to meetups and meet other building owners.

Build this skill, and I promise you'll come across deals in your area worth wholesaling, and you'll learn about the market and RE by speaking to sellers/investors.

On the rehab cost build in a margin of at least 10k but ideally more like 20k and verify with a contractor.

Goal: Build a passive income from rentals that will allow my husband, my daughter, and myself to live on mission for Jesus Christ.

Looking for a consensus, "Would building a home on an empty land lot be more profitable than just selling the land?"

I also agree with learning as much as you can on here and other forums - for free - to be honest, the best and most valuable lessons you can learn is from getting your hands dirty and doing your first flip.

You will learn alot of lessons quickly, build wealth, and potentially lower your cost of living.

Just starting my journey with REI and looking forward to building my network of other investors, agents and lenders.

I bought my first home in 2017 (major fixer) in the SF bay area and completely renovated it including building an ADU, adding a master bath and bed as well as updating just about everything.

While some use floating rate debt, for say, corporate unsecured lines of credit or capital commitment facilities, they also tend to use Swaps versus interest rate caps, and often times will build interest rate collars on their floating rate debt.