Reinforces my belief about being ULTRA conservative in my scope of work/rehab estimates.

It's a luxury aesthetic and is driving these prospective tenants to (theoretically) pay a little more.

I could probably buy a luxury vehicle or two with no problem, but I drive a 10 year old pickup truck instead.

I had the carpet pulled and the walls and ceiling washed down (the guy used bleach which I questioned but worked great), primed with Cover Stain, and top coated with Behr Ultra paint.

After building a new home there and then all these mansions exploding all around it, we sold it a few years later and the LOT was valued at $100K.

Hi,Just going to try and revive an old thread… I have an ultra-basic tax example that I would like some help with. 

I plan to take out a loan from a bank to finance the first FLIP, i always read bout Hard money and OPM but all of that comes with vERY VERY HIGH INTEREST RATE or knowing someone who will be willing to drop cash with some body with no experience or track record (I do not have the luxury of knowing someone).Anyway I am here to take any advice on my journey and I am excited!!!

Their lifestyle does not afford them the freedom to do so.Effectively, just like being dependent on your employer for a paycheck limits you as to the hours you are able to devote to your own pursuits, the more you are dependent on other people (or the government), the less FREE you are.You begrudge them for their hair and nails, I feel sorry for them that this is the only type of luxury they will ever experience and that they are happy being in the little box that they trapped themselves into.

The area where the Beverley Farms Elem have some homes in the $550K range (older style ranch homes) but their neighbours who have torn down their older homes have built these mansions that are going for $800K-$1million.

If the ARV is $50,000 - conservatively (remember, hard money lenders are going to be ULTRA conservative.