Investors must budget contingency—10–20% on large rehabs.Lesson 7: HGTV, Champagne Taste, and Beer BudgetsTV lied to everyone.Everything is more expensive than the “$100k whole-house” myth.Investors must align:• Finish level• Neighborhood• Exit strategyC-class rentals do not need custom marble.High-end flips need high-end finishes only if comps justify them.A GC should push back when finishes don’t match the budget or strategy.Lesson 8: Taking Over a Failed Job Is Brutal“Can you fix what the last guy did?”

My plan is to take the 129 room and make it into a 120 room dual branded hotel to capture both the economy and extended stay customers.

There are now AI follow-up services to help us reach more customers and keep top of mind, AI searching services to help find zoning codes/property uses, and lenders adopting a more hands-off experience for borrowers.

Use the class or customer feature to separate properties.- Time Capital Bookkeeping (REI since 2019)

Start adding more custom finshes, fancier rehabs (which is becoming more the norm for successful sales) and you're already bumping up to 150kI have a flipper friend in the area and his rule of thumb is 250k in gap.Meaning if you're buying for 100k, you should sell it for 350k for a full gut (new mechanicals, electrical, roof, windows, etc).

in 2024 completed a 2 story detached ADU which includes a fully insulated large 2 car garage/shop with half bath, and a custom 2 bed/1ba apartment above (not builder grade, pretty fancy).  

The information contained in this post is not to be relied upon.

They were seeing customers take heavy losses due to their lack of a credit background and experience. 

The information contained in this post is not to be relied upon.

In tech, when you do a deal with someone, you have a Customer Success Manager or an Account Manager that is your personal point of contact at the other party.