Those records not only helped with tax filing but also guided future projects by showing what provided the best ROI.

Also would love to know from other members how much they spent on the last project and what is a good contigency to put on the final cost for a first timer.

Hey @Tyler Jahnke - can you provide an update on your Morris Invest project?  

I’m part of a real estate company specializing in cosmetic fix-and-flip projects, and we’re focusing on the San Antonio and Austin markets.

Hi @Leon Jamison,I can recommend my contractor. my project was $420K, 7months, funded through 203K. we went slightly over schedule (10months),mainly due to a few failed/ repeat inspections, but we were able ton finish under budget.TBH, Im actually doing a second multi family reno project in the heights, New York Ave with the same contractor beginning March 2025.Anyways, you're bound to have issues when working with any contractor.

Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.  

I'm starting to hear more chatter about this mysterious "wave of foreclosures" that was a frequent claim/projection back in 2021, which didn't happen then, and by all indications is not going to happen now.

It is estimated that in 2020 alone $48 Billion was invested in new projects in over 3800 different census tracts.

But this was a project.

Cash invested: $40,000 Sale price: $205,000 Strategic Market Pivot: From Long-Term Rental to High-Yield Fix and FlipThis property was strategically transitioned from a single-family long-term rental (LTR) into a fix-and-flip project after analyzing market trends and identifying a pivot that would yield better long-term returns.