While I’ve recently joined Intero Real Estate in Fremont, I bring a data-driven, analytical approach to real estate, thanks to my engineering and project management background.Over the years, I’ve lived in various parts of the Bay Area and have developed deep knowledge of local neighborhoods, schools, and market trends.

@Miguel Del Mazo advice is probably a really good approach.

This approach ensured quick closing while accommodating the $12,000 needed for targeted renovations to maximize the property’s resale potential.

Yes, it may go by the income approach but depending on your area, the comp approach may also be factored in. 

@Tiffany Da Silva, I use quickbooks online for bookkeeping and I use a "Profit First" approach to managing cash.

Shoot me a message and I'd be happy to share how we approach this situation in the state and individual cities. 

The key is balancing cost with the value of your time—both approaches can work, depending on your priorities.

Where I buy, which I think has some of the best price to income ratios out there I recommend a minimum of $185k cash on hand (for the DIYer) and $220k-$235k cash on hand for someone looking for a hands off approach.

- What’s the best approach for financing land purchases, especially if development will span multiple phases?

What’s been most effective for you, and are there any unique or creative approaches you’ve tried that have worked?