Yes, that also means we are leaving some money on the table in the short term - but we do raise our rents every year by 5-10% and when turnover happens we take them to market rate.  

I look at what they do which is unsecured short term financing to companies out of money - so that could easily be 40% or 0%.

As we all know, REI is a very powerful tool to building LONG TERM WEALTH.

I use the term notice of interest, but it's essentially a lien against the property that is based on how much we essentially lent the homeowner to renovate the home.

Here would be the terms with the buyer:Sales Price: $315,000 (NOT worth this.

The mortgage terms might be a little better if the buyer got the big sexy national tenant with 17 years left on a NNN lease, but that's not our scenario. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

Tampa is very relaxed when it comes to short term rentals, not sure about Orlando.That being said, what is going to make or break the success of your investment is your team in those markets.

So, you should reach out to some local land banks in your area (google search that term specifically) and see if any of them offer cash out loans on land. 

HI Shana,It really comes down to what your long term goal on investing real estate.

I’ll start out.....My first hard money loan I took out September of 2017. 12% with 3% points to the broker at the table. 1 year with extensions available for 3 months with 1% fee.