I’m simplifying the numbers here to focus on the main concept, so I’m leaving out factors like expenses, improvements, property management, repairs, etc., for now.Here’s the scenario:- I bought my house in 2022 for $1MM and used it as my primary residence.- In 2024 (after 2 years), I moved out and converted it into a rental.

Instead, focus on improving your skillset, helping more clients at a high level and implementing systems in your business.

Most come here hoping to find an avenue via real estate investing to quit their day job, but that should NOT be their goal.They should be pursuing RE investing to diversify & improve their financial future. 

A friend of mine ended up in a tough spot because he didn’t realize that improvements could be included in the exchange value under certain conditions.

You don't want to over improve a brrrr. rough napkin math: 70k purchase price + 46k rehab = 116k all in160k sale price *.92 (8% cc) = 147k147k - 116k = 31k profitSeems like a decent deal if you can sell. 

@Tony GreenMy contact information is on my profile.

Yes I invest in midterm/short term rentals myself in SA and I help many investors in my network and on bigger pockets find rentals here in San Antonio/New Braunfels.you can read some of my references and testimonials on my profile or google page 

Make improvements, get the property stabilized and then refi into agency debt.

The PM brought to our attention and suggested improvments he felt were nessesary on updating each unit, after our complete renovations were done.

In real estate, a huge part of the value we can create as flippers is tied up in the location, but it is also tied up in the improvements we put on that land.