It cost about $100K, but it would have cost around $200K if she were to do it from scratch.

Quote from @Anthony Sigala: We are all aware of the 1% rule--the gross rent produced by a property must equal 1% of the of the property's acquisition cost.

The truth is, they will keep playing games and milk you for every penny they can, then they will leave the house a mess and cost more with cleaning, repairs, and vacancy.

Not only is land so expensive, but the process of rezoning the land not only requires a lot of capital of soft costs that are really expensive and often not financeable, but then you have to build on it which is also not cheap.

Works best if you trust the flipper.Wrap + Second Position Combo: This is a cool little move—you work out a wrap-around mortgage with the seller, then assign that contract to your borrower, and still lend in a second position for repairs or closing costs.

Once you pay realtor fees, closing costs, sellers want 10k for points and concessions.

And although I'm grateful to have found another lender to get it done, it cost me more money in points, a higher interest rate because of the current rate was higher than previous, and I had to buy another appraisal for $750.The response I received from one of the founders of the company states: "We are not able to refund any amounts at this time as the time of quality control has passed....

I have other money that'll cost me 10%.

Take their ARVs and cost of rehab with a grain of salt.

Your referencing effective age vs chronological age.