"You’re Taking a Cut as a Middleman, Making It Worse?"

On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.

While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

.$8,000 would likely go away in closing costs.

If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.

There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.