The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

I am new to the game with 1 property leased to section 8 under my belt and was about to buy another.

I’m under contract with my latest flip, the proceeds of which will pay off the heloc that I use to buy and rehab properties.

Are you under contract? 

Hi Everyone,New to investing as I don't have any properties under my belt yet, but the goal is to have something by the middle of 2025.

Getting into almost any property in Charlottesville for under $200,000 is quite the feat.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

.: I just hired an architect to design and plans submit for ADU in my 8 multi unit to use the tuck under parking.Some people say do not try to be the general contractor as it will take way more time, costly mistakes and will be nearly impossible to manage with current work. best to hire a company that will do it all and cost about $250 per square foot.

Refinancing: If the lender doesn’t approve, refinancing under the LLC might be required, but LLC loans typically come with stricter terms and higher rates.3.

I'm finishing renovations on a studio apartment (under another unit in a multi-family) in the next few days and am trying to decide on what strategy to use to rent it.