Hi everyone, I’m currently looking at a deal for two separate duplexes being sold together for $450K total.

I practiced the skill of selling and deal analysis before anything and acquired amazing assets that made me a millionaire slowly. 

This means always holding adequate reserves to protect yourself against project delays, extra time on the market, or cost overruns, and if you're flipping, buying with enough equity cushion up front to safely handle potential market shifts.

Let’s be real — everyone loves to flex how many deals they’ve done.You see the screenshots, the big checks, the “closed another one!”

Recently someone told me a full gut rehab on a South Philly home would only cost $100k.

You can’t always prevent overruns, but knowing about them in real time gives you a chance to adjust your strategy or even recoup some costs at resale.It’s also important to keep your bookkeeping current from purchase through resale so you know where you are throughout the project.As for the contingency, I recommend estimating renovation costs using a range for each line item on your punch list, then leaning toward the higher end of that range.

So, this is how we put the deal together.First, you determine ARV (After Repair Value) so you can see if this one is actually worth buying.

How much for plumbing, hvac, electrical, what needs to be done in each of those 3 categories.”  

Market’s moving fast, and I’ve been hearing mixed stories about timelines and approvals.Curious — what’s been your biggest challenge in getting deals funded?

Always go in the order of deal than debt than equity.