Purchase Price of $215k + $240k Reno costs Totaling around $450k all in.The property appraised for $875k What made you interested in investing in this type of deal?

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.

There are so many websites and of course, most cost money to join.

This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.

What you might consider is finding a partner that has the development capacity, and figure out an equitable development cost and profit split.

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

Your refinancing costs + new fha loan would be about the same as just using a 5% conventional loan for your next property.

I’m not sure if the metric has changed much with inflation and rising costs but I’ve repeatedly heard that $200 per door is a good cash flow.

If you have good credit and the liquidity for your portion of the down payment plus fees, closing costs, and 9 months of payments in reserve - then you can get a DSCR no problem.