The thing is, I don't know what my next unit is, and I am a big believer on starting something even if you aren't ready to gain experience earlier rather than later than sitting back to find the "perfect deal" that never comes because you never pulled the trigger to get started.

.✅ 3) How do you help investors find deals that aren’t on the MLS?

That should not be taken lightly.This is very well said.I think the other thing that investors get used to ignoring is the fact that most contractors do not operate with huge quantities of cash, and they work in a very transparent and competitive market.In other words - if I estimate with too high of a differential margin high, then I won't work at all.

Most newer investors aren't liquid enough to be able to even consider true appreciation plays and often end up buying C and B- properties.

In our experience, MOST owners shop for the cheapest PMC or the ones with the most "bling".They RARELY ask about or compare processes - then wonder why their expectations aren't met!

Oddly, these aren’t counted as additional “estimates,” though, so the core number is 3.Beyond the Quarterly Estimates: Ongoing RevisionsAfter the third estimate, GDP data undergoes further updates through 2 main types of revisions, which can alter the numbers multiple times over many years.

Also, DSCR loans aren't regulated the same way so the rates and terms can change last minute- even right before closing (versus in conventional loans that's not allowed).

A lot of the costs your lender is including, like escrow and taxes, aren’t really one-time expenses since you’d pay them anyway, so your actual payback period is even longer.

Michigan’s investor taxes aren’t fun, but they’re predictable, and Grand Rapids has proven to weather downturns well.

They aren't in the nicest area but still , if he can build it and make a profit.