The property is being purchased at 103 with an ARV of 375.

In 2016, we returned to KC and purchased our primary home in Liberty using a Doctor’s loan.In 2020, we developed a strong interest in real estate investing.

Essentially, a joint venture is where an inner circle member and RAD go 50/50 on the purchase of a property, but RAD does all of the market research to find properties, does all the rehab and management, etc.

They also didn't get hit with capital gains on the entire purchase price, which enables them to keep more of their money. 

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

In that regard, I can guess estimate if they're selling 400K more (after holding for two years), with the kind of remodelling that they make ( lets say 150K), I guess they make 200K net profit.The software is good for "flipping intel" at the very least.I used it for the last three purchase that I had.

@Ricky Rigsbee - I use the Michael Blank SDA and think it's extensive enough for modeling a purchase with or without syndication. 

I have a property that I purchased in Madison NC (about 25mins north of Greensboro). 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

I see people purchasing new STR's here and others dumping their properties or converting into LTR's.