I just finished listening to episode 838 and am now panicked because I don't have any of these other protections set up.  

We plan to finish 2024 strong and head into 2025 (our ninth year) with hopes of achieving even bigger and better success.Consistency and perseverance are key to success in this business.

This was an old Portland style home so I used finishes that were reminiscent of that time What was the outcome?

There were moments when I had to decide whether to go for higher-end finishes or stick to more cost-effective options.

An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

Partner Jason Arguelles was also instrumental in collaborating to make the transaction seamless from start to finish.

He is now in a lease option agreement with the original sellers and is stating I will get my assignment fee when the property is finished rehabbed and sold (likely months away). 

Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.

Modern finishes, Washer and dryer and refrigerator.3bed/2bath minimum is preferred in the Texas Market.If you can add 2 car garage, that will make it more desirable and attach more buyers.All the best

Many competing offers will come from buyers with cash offers or 30%+ down payments.Properties that are most appealing to multi-family homebuyers on Long Island are those:- With newer finishes/recent renovations- 3+ bedrooms in 1 or more of the units- located in desirable school districtsTo make the numbers work and to find a deal where you may have more room for negotiation, I'd target:- Properties with 30 days on market (DOM).