Building a local network early is a smart move since agents, contractors, and lenders often end up being the key to finding good opportunities.Wishing you guys success on the first acquisition.

@Bo Smith @Frank Pyle @Erik Estrada Hey Guys Good Morning.I'm getting closer to closing, just finishing up the loan docs. the lender was being a stiffler about the insurance.

But there was just a guest on the real estate guys radio podcast.

The sales guy promised me and reassured me about all of my very specific concerns regarding the things that were holding me back from joining. 

(There is a popular guy on Facebook right now, on a USA tour in fact,  that doesn't teach or worry about that phase, "counting the cost", but to me, it's critical )Then once you know your numbers we have something to look forBecause it's "simple" to buy a house with creative financing, but it's complicated to do it profitablyOnce you sign a lease option to sell, it's a binding contract.So, to be successful you need to know your numbers.Start with how much you are willing to invest up front, consider marketing costs, most properties require some clean up or repairs, add in  holding costs while looking for a buyer, two or three months of expenses and that gives you an idea of how much you'll put into the property up front.Then, with a general idea of that, run the numbers at about 6% interest on the carry back to determine how much that adds to your monthly expense.So, if you can find a property where the seller is willing to do an equity carry back, of say $50,000 (or whatever the excess equity is) at 6% you add that payment to the existing payment to figure out how much you are on the hook for each monthIn a Subject To, (SubTo) that payment has got to be made every month without fail or you face serious problems.

If you're taking a training course at the Holidome this weekend from a guy that says "this time last month I was working as a mechanic, but then I discovered the secret to getting rich in just 30 days in real estate...and for a $10K mentorship I'll teach you my secret."

Would you guys walk away from this deal or jump on it?

I am new today platform and I watch you guys on YouTube regularly.

From a BRRRR investor and "live-in flip guy" I can't preach this enough.

My guys do whatever I want as I give them tons of repairs/ reno.