In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

Negotiate alternatives thereafter, but start the clock. 

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

Platforms like Procore, JobTread, Buildertrend, and FlipperForce have caught my eye, but I want to make sure I’m considering the best fit for my needs.Here’s what I’m looking for in a solution:Cost Estimation: A tool that accurately calculates material and labor costs.Project Oversight: Features to manage tasks, schedules, and budgets efficiently from start to finish.Vendor Integration: Real-time updates on pricing and inventory from suppliers like Home Depot or other suppliers.Material Suggestions: Automation or recommendations based on the rehab’s scope and specifications.Labor Planning: Tools to predict labor hours and staffing requirements for each phase of the project.For those of you who’ve used any of these platforms (or others), I’d love to hear your thoughts:Which software have you found most effective and why?

@Krista Lance, I would say with 7 properties that its a good time to start thinking about bookkeeping software.

Have you been investing for a while, or are you just getting started?

The best time to invest is always in the past, but that isn't possible, so the only thing you can do is start today.

When I was starting, I focused on building my network, attending networking events, and was fortunate to find a mentor.

My name is Jenna and my husband and I are just starting to dip our toes into the real estate world!

I'm also in Nashville and getting started in property mgmt.