The importance of lowering expenses and increasing efficiency to maximize property income.

When wholesaling vacant residential land (city lots or larger residential parcel in rural areas) how long is the due diligence period?

It’s gotten me seriously considering bringing an attorney in-house to handle evictions and other legal needs moving forward.I’m evaluating this from two angles:Cost Efficiency: With the expense as high as it is, having in-house counsel could potentially reduce costs over time.

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Keeps it efficient

I believe interest is tax-deductible if used for property improvements or purchases, and it gives you quick access to funds while keeping your stock portfolio intact.Private Money Loan: If you have a trusted partner and terms that work well for both parties, this could be an efficient solution without tapping into your other assets.

I want to create a fund that will allow me to purchase distressed homes, fix them up, and sell with owner financing (possibly including a 5 year balloon so as to be able to recapitalize periodically and give investors a shorter horizon).

Never in the history of the Federal Reserve have prices gone down for any notable period of time.

.#3:  Short cuts are not efficient. 

Chances are that an engineer would be the most time efficient way of getting the info.