Purchase price: $236,000 Sale price: $280,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ed Lindsey, successfully completed a deal on Persimmon Lane in Shepherdstown, WV.

Purchase price: $100,000 Cash invested: $73,000 Sale price: $267,500 Contributors: Peter Vekselman Partner Driven, in partnership with Francisco Diego, acquired a home on 4th Pl SW, Vero Beach, FL, for $100,000 on 3/31/2022.

Purchase price: $80,000 Sale price: $105,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ernest Bannister, successfully completed a deal on N 31st, Philadelphia, PA.

We've seen a lot of fraudulant materials come through over the past several years. 

Bars will be on the windows (crime reference above).Don't be surprised if your cheap purchase costs that much or more to repair as your repair costs will be much higher than a home built with more modern materials, such as in the 1940s-1950s.

I put in really high end materials on this one, brought in subs to check every single corner of the house and overall did a really good rehab (At least this was the feedback everyone left).

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

This depends on the neighborhood, material/finishes, custom touches, new roof, HVAC, electrical, plumbing, and ARV.

In my state, owning an LLC is quite expensive (800/year), so the risk/reward calculation is a little more skewed, but still generally makes sense for larger MFR deals.The debate really heats up if you're talking about residential class (1-4 units) as there are material advantages to owning under your personal name.

It really seems to have a great vibe and is an extremely outdoor activity driven place.