Pick a property

Fictional practice: Do a quick check before you spend more time on a property.

• Cedar House: $300,000. With this plan it uses $110,000 in cash, exactly this investor’s budget. You can get in for an inspection. Nobody has confirmed yet that renting it is allowed.
• Birch House: $350,000. With the same plan, it needs $122,500 in cash, $12,500 more than the budget.
• Pine Parcel: $180,000 for empty land. Road access, utilities and what you’re allowed to do there are unknown. No one rents it as housing now.

Confirm with the right offices and professionals which parcel this is, that you can legally get to it, and that your planned use is allowed.