Financing- you have the land as collateral, if 100% paid off. 

But I believe you’ll be told not only will it not cashflow today and It will probably be worth less next year than you pay today. 80% or more of your competition will have been doing it for more than two years, paid 25% less than you, and have a lower interest rate.

I’m not sure how Scott Meyers gets paid… it would be too stressful for me to guess I wish the zoom meetings the syndicators put on would answer year over year gross and net figures and discuss the debt service.  

Paid for by REI both money and time.2.  

Making sure everyone is paid for their work is critical. 

I recently paid off a small amount on a 2k card, just started throwing chunks at a student loan, a lot of pay offs the past couple months, I think things may have just not shown up yet. 

I can't remember the last time we paid asking price or market value for a property.- You will NOT make money in this business paying asking or market prices.Recommend you pursue two strategies:1) Start running the numbers BACKWARDS on properties you like. - Figure out market rents, deduct property taxes, insurance, maintenance, vacancy, etc. and plug remainder into a mortgage calculator for a mortgage amount.

PLUS you have fees that need to be paid in order to be a Realtor.

We set it up as a borrowing base structure meaning the collateral had to meet pre-defined criteria.

When you're ready, getting pre-approved will help clarify your budget and timeline.