Investment Info:

Single-family residence fix & flip investment.

Purchase price: $28,000

Cash invested: $47,000

Sale price: $110,000

Contributors:
Peter Vekselman

Partner Drive...

Then get photos and get third party verification that everything was done right prior to making your final payment to the contractor.

So even if the cash flow is only 3% or 4% cash on cash, that’s enough to provide a protective layer to cover unexpected items.To me, the cash flow is NOT to put spendable cash in my pocket NOW but rather keep the property self supporting while it increases in value over the long term.In addition, every property a purchase has a cash reserve fund - call it my rainy day fund or my Sominex account (ie I can sleep at night knowing if the furnace goes out I have $8,000 in my reserve fund to replace it.)One final note, I have found once one reaches a certain net worth, cash flow no longer is a concern, there is always as much cash flow as anyone wants.Final note, who will have more cash flow someone with $1M investible cash or $3M investible cash?

A final and general question - is this house worth it?

Not seeing any real gentrification because of that, IMO.On the positive side, we do finally have a new Mayor that is actually from the City, but so far he seems to be playing the same games as his predecessors.

(more than likely) The rates are not locked in until final approval is given.

I get excited when new investors finally figure this out because their first deal then becomes a matter of when.

I recommend you pay him the final amount, but get a lien release, in advance, that says if you pay him this final amount, he will have been paid in full for his work and no further liens can accrue.

As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.

The property passed final testing by the county health department.Is this anything I should be concerned about?