Congrats on the project.

Quote from @Deborah Wodell: Hey everyone,When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

Learn how to acquire a property, manage the property, and manage projects.

Really depends on what you're looking for, the nature of the project and again, location. 

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

This message was written by a BOSS.Could you tell me more about projected timelines?

These focus less on personal income and more on your business cash flow or the projected rental income of the property.If you have a rehab project, you may want to start with a hard money loan and refinance into DSCR once you are done with the rehab.