Ohio Cashflow Purchase $33,000Rehab Cost $16,000Profit $15,900We undersold the property and usually aim to make higher profits.

I live in Vancouver, British Columbia, Canada, and have recently embarked on my journey as a real estate investor.I aim to build a solid foundation in real estate investing that allows me to achieve financial freedom.

Many people are aiming for -$500/month cash flow now and then hoping to break even or go positive after refinancing in a couple years at 5%.- You're right, if you want to maximize your first priority (positive ROI), you'll usually benefit more by finding an underpriced rehab on or off market and then developing it with an ADU and/or DADU.

Typically, we aim for about 60% in profit at the sale in year 5.In five years’ time, the units have been updated, tenants are strong, and rent accurately reflects market rates.

Affiliate MarketingAn experienced consultant can help determine a budget, which type or types of marketing to spent it on, your target customer, how much time per day you spent on online marketing, and coordinate a website, blog, forum participation, paid advertising, generic advertising, and measure the success of each campaign.For those of us who started 15 years ago, and tried each new market type as it unfolded, we have a pretty good idea of where to spend our money and time.

I never aim for the top as I prefer quick turnover, but $100 under market may be too much. 

We typically assess the market activity before acquisition and my newer investors aim for properties that are already occupied.

Emphasize cash flow, aim for it from day one, and apply operational optimization and value-added strategies to enhance it.5.

Scope of Work:Initial Assessment: Our team conducts a thorough assessment of the property to evaluate its current condition, identify structural issues, and determine the scope of renovation required.Design Concept: Collaborating with architects and designers, we develop a design concept that blends contemporary elements with the historic character of the row house, maximizing space utilization and optimizing layout efficiency.Structural Repairs: Structural repairs and reinforcements are undertaken to ensure the integrity and stability of the building, addressing any foundation issues, roof leaks, or structural deficiencies.Interior Renovation: The interior of the row house is completely renovated, including the removal of non-load-bearing walls to create open-concept living spaces, installation of new flooring, upgrading electrical and plumbing systems, and installing energy-efficient fixtures and appliances.Kitchen and Bath Remodeling: The kitchen and bathrooms are transformed with modern finishes, custom cabinetry, quartz countertops, and high-end appliances, creating functional and stylish spaces for daily living and entertaining.Historic Preservation: Special care is taken to preserve and restore original architectural features such as exposed brick walls, decorative moldings, and hardwood floors, enhancing the property's historic charm and character.Exterior Enhancements: The exterior of the row house receives a facelift with fresh paint, repaired masonry, restored windows, and landscaping improvements, enhancing curb appeal and contributing to the overall aesthetic appeal of the neighborhood.Quality Assurance: Throughout the renovation process, our team adheres to strict quality control measures and standards, ensuring that workmanship meets or exceeds industry best practices and building codes.Finishing Touches: The finishing touches, including interior decor, lighting fixtures, and hardware, are carefully selected to complement the design aesthetic and create a cohesive and inviting atmosphere.Timeline and Budget:The single-family flip project in the Philadelphia row house is estimated to be completed within [timeline], with a budget of [budget].

I aim to begin with Fix & Flips to create immediate cash flow and then transition to STR/MTRs.