Do you have any cash available to buy an investment at this time?

Our strategy so far is to focus on the most expensive things first - those are the things that will add the most value to the guest as well as make us the most money as a company, and therefore be worth the time investment we put in.

Thank you so much for taking the time to read this and I can't wait to get to know the other eager investors on here.

Hey guys, So I have saved about 30k I’m 22 years old living in New York. I make about 60k yearly and I’ve spoken with chase and they told me I could get a 250k loan with 5% down at 7% interest. Now I know that’s not e...

Expireds – These are people that want to sell as is shown by the fact they had listed, but for some reason the property didn’t sell, that’s where we step in Tired Landlords – Landlords who are tired of managing rentals Referrals from Agents – Some agents find properties that aren't ready for prime time and the seller doesn't have the money to fix up the property for the MLS. 

It depends on your market and timing. 

At this point in time, I don't think selling would be my best option as I've spent a lot of money on capex items that I would not necessarily immediately get back from selling. 

I do have 760+ credit score but just don't have money to make down payment at this time. 

In my eyes, it's fair as even though I'm fronting the capital, the split in equity is worth it as it gives me more time to run my other business, plus we can do things faster with two of us, plus at this point of my REI journey, I don't have the skills/experience (yet) that he does with the construction side and for him, he values not having to manage the finances.  

Vincent, Yes - you can do this 100% most of the time when someone utilizes a hard money or bridge loan it’s because they intend to do some deferred maintenance or repairs on the property.