Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

I was able to push back and provided more data, he adjusted to $1,335,000.

@Eric Winkler Can you provide any assistance to us?

I’m currently active on BiggerPockets to connect with like-minded investors, exchange ideas, explore potential opportunities, and provide opportunities through my network to collaborate with others.

Chosen right, some of those South side neighborhoods may become hot, and give you large amounts (percentage-wise) of appreciation.

Most cost segregation study companies provide the quote for free.

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

This may provide low cash flow up front but it is a way of scaling if you are good at adding value and then trading up that value.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.