If done right most of these gains are tax-free- $40K in equity capture (profit) with $20K out of pocket and 13% cash on cash thereafter (300%+ returns)- $24K of equity capture with $32K out of pocket and 36% cash on cash returns thereafter (75%+ returns)- $41K of equity capture with $27K out of pocket and 12% cash on cash returns thereafter (150%+ returns)None of the above numbers include loan pay-down or appreciation. 

I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.

Would that loan include the renovation costs based on the ARV?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Hi Jessica,I think there are dozens, myself included, and many who now have construction loans outstanding.

We currently own 13 rental properties and have paid off all loans/mortgages including our primary residence. 

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

Good point - should have included that.

For me, that includes late fees, the cost of the eviction filing, etc.

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