Investment Info:Single-family residence fix & flip investment.

The other contractors that I have worked with gave me a full scope with detailed line items of what will be fixed, how much the labor is and how much the material is going to be.

When we sent someone out to fix up the home, the neighbor came over and wanted to buy the property as-is.

JUST HERE TO GIVE A QUICK RECAP OF MY 2024 SO I CAN SOMEDAY LOOK BACK AND LAUGH HOW THIS YEAR WAS A NIGHTMARE AND PRODUCTIVE ALL IN ONE LOL FUNNY ENOUGH THE YEAR STARTED ON A GREAT NOTE I WAS ABLE TO GET INTO MY FIRST FIX & FLIP  DEAL  WITH MY WIFE!!

Investment Info:Single-family residence fix & flip investment in Kenmare.

Cleaner is paid a fixed rate for a specific job, you are paid a % of revenue.

If I had a large amount of liquid capital, do you think I should use it to purchase fixed assets or for some project development, which would be more suitable?

Investment Info:Single-family residence fix & flip investment.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.