Finishing our first duplex construction project and looking to start 3 more simultaneously.

However, given the price points in NYC, I am looking to southern CT so that I can start small for my first project.

Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

Wish we would have fully completed each project before moving onto the next.

Projects that may not make sense for some, will make sense for you if rehab cost is at 70%, comparatively.

I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project. 

My cost wont necessarily be the same or comparable as I GC my own projects and have trade skills.

It requires hard work, strategy, and a willingness to take on projects others might overlook.

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name? 

I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.