Not a lot of folks running around on auction day with 500k t 5 million in cashiers checks like you see out our way.. :)  This is why Pace Morby was so timely with his sub to training and methods .. 

Curious for others: what’s your personal rule of thumb for vetting a funding partner before committing to a deal?

Profits were split 50/50, given he handled effectively all the day to day work.This is just one way, based on my financial commitment and responsibilities versus partner's. 

if someone has extensive knowledge, a verifiable track record of success, and excellent credit it IS possible to purchase real estate with no personal capital committed.

Helps avoid a big upfront commitment and gives you time to get financing in place

Before, commitment to engaging with participants was evident - but the defensive tone and approach in addressing critical feedback have often been perceived as lacking in empathy.

Each home is appraised, inspected, and fully underwritten with long-term lease commitments — and we’re looking for a strategic debt partner (bank, private lender, or broker) who can underwrite based on actual lease terms or use no-ratio underwriting.Anyone have recommendations for lenders or brokers who specialize in no-ratio or flexible DSCR products?

A non-refundable deposit (whether $20k or higher) ensures the buyer has commitment while they work through permits. 2.

I sincerely appreciate your feedback, and you've raised some excellent points.You're right to flag the 22% expense ratio—it is deficient, and I agree that a 35% ratio is a much more conservative and standard underwriting assumption.The numbers I presented, including the $33,894 in expenses and the $121,086 NOI, were taken directly from the seller's provided T-12 (Trailing 12-Month) financial statement.

. • A full-height crack (roof to floor) deserves a second look — $700 for a structural engineer is money well spent if you’re committing over $1M.