After years of watching YouTube and listening to podcasts, we've figured out we're never going to know everything we think we need to know, and we need to just take action.

I don't know about this cap rate projection, at least in CRe-Retail we project out a 10 basis point rise in cap rate for each year the property ages, so the Cap rate may be 5.5% assuming interest rates don't budge, (probably heading higher as US Govt has to deleverage its last 40yr debt run-up, like we did between '45 and '82, and we did again btwn 1899-1920, same 30-40 pattern going back to mid-1800s)I watched all their videos/podcasts/available webinars.

Watch the podcast episodes.

I would watch it day and night.

You can also watch this video that's pretty good motivation. https://youtu.be/jnARMZPHI58

I’m based in Oxford, MS, and have been watching a property over in Water Valley that just had a pretty big price drop — it was listed at $110k and is now down to $79k.  

Start by studying successful flips, watching breakdowns of real deals, and learning basic renovation budgeting.

Luckily, at this early stage, you don't necessarily need a mentor to learn a lot about REI.You can (and should) learn a lot about numerous REI niches by reading, watching videos, listening to podcasts, and learning as much as possible.

But if there’s any uncertainty about timing, I’d lean toward a bridge loan or even negotiating a rent-back period after selling, just to keep things flexible.If you have enough equity in your current home, the HELOC gives you the freedom to move forward without rushing the sale and since interest is only paid on what you use, it keeps things manageable during the overlap period.The only thing to watch is timing and market conditions.

Btw are you watching Tony Robbins’s AI seminar this week (on the 2nd day today) it’s revolutionary!