South Portland stood out as a promising location, with solid access to recovery meetings, outpatient services, and employment opportunities, so when the opportunity to secure this home came up, I moved quickly.

Hey all, hope everyone's absolutely crushing their goals! My name's Jeff. I go by The Closer sometimes. Mainly because I've been at it for so long, I guess. I did my first transaction in Apr 1997 without having the sl...

(in my area the soil of each proposed lot has to pass a perc test if the properties will be on septic or be able to connect to the city sewer if not... you'll need both legal access and physical access... the lot will need to be level enough to build on, etc. there is a lot more to look into but those are the big ones). 

I would stay away from wholesalers on numbers unless they have access to the MLS and are working more of a traditional role as a realtor/agent as well.

Choose two or three channels you can maintain, automate as much as possible, and leverage your agent access and construction partner to analyze and act quickly.

If I had to guess what may occur next, I would assume they'd look to quickly sell these DSTs to another provider or more likely a REIT at a discount.

Confirm who pays which closing costs, access for inspections, and the exact purchase price you are taking over.

The only downside is making sure transfers back to your operating account are quick enough to cover mortgage drafts.Separate buckets: I keep one account just for operating (mortgage, repairs, utilities) and another for reserves.

.- Loan Options: For BRRRR, you usually start with short-term financing (like a hard money loan or private money) to buy and rehab quickly, then refinance into a long-term conventional or DSCR loan once the property is stabilized.

The same agent is still holding the listing, proving the original advice was deeply flawed.A listing that sits for two years with a major price correction carries a stigma that often hurts the final sale price more than a quick, accurate initial price ever would.This example is a powerful reminder that many realtors are disconnected from accurate market values and prioritize winning the listing over serving the seller's best interest.What is the logical next step for this seller, and what responsibility should the initial agent bear for the wasted time and lost equity?