You make money when you buy1) "There is never a bad time to buy"2) "Interest rates are so high right now it kills every deal"

If you wait for an emergency to happen it is the most expensive time to deal with the issue.

Here is what I learned:A great deal spread will trump any expensive lending termsYou need to be liquid, a lot more than you thinkGetting the exit you want will depend on the finishes in the house because all those ARVs you looked up had very nice finishes I'm sure. 

Building relationships with experienced wholesalers can also open doors to joint ventures and off-market deals, giving you a head start in the industry.

On my new builds in Oregon that are in high demand.. buyers commish is going to be negotiated per deal.. for instance my last lot that will allow a knock out single level I am NOT offering any commission to the buyers agent I have a buyer for it.. their agent is going to list and sell their current home which is a 1.5.. and they will have to negotiate their fee with their buyer on my houses which is 850k..

Estate is trying to sell and did not want to do a deed in lieu because the executor promised “the girlfriend” a 2% commissionWhen I mentioned this to an agent we were talking with to list it for us once we get it back he laughed and said “which one” he had two girlfriends one an agent one not an agent - so the one who is not an agent living in the property wants 2% when property is sold and tying up the deal…

I’m interested in doing long term rentals using the BRRRR strategy, but curious to learn what others are doing.As mentioned you can do a BRRR but do not expect to get all your money out of the deal and have it cashflowing.

@Jay HinrichsTo update this thread investigation was concluded and it was closed.

We are working on finding the leak but in the meantime this tenant (who is needy and has been otherwise annoying) is making a big deal about these small stains that are about 4” inches diameter.

I work with a large capital fund that has some pretty impressive deals, happy to meet investors and see how we can work together.