When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

Comparing the pros and cons of purchasing the 2 home types is not my aim here.In Scope: The change in the sales price of new construction homes from when they were first sold after construction to when they were sold subsequently versus the change in sales price for existing homes over the same period.

If listing a property, FHA buyers may be ineligible until the 90-day period has passed.

@Ron Brady@Eduardo TanamachiI don’t think I can drop my link here, but the coaching program is called: Extended Stays for Landlords.

(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.

Property is considered unclaimed if there has been no contact or activity with the rightful owner for a set period of time, usually 3 to 5 years."

In the H.R. 3936, Built in America Act, it was proposed to extend the 100% bonus depreciation until January 1, 2027.

Seasoning also matters: lenders will want you to live in the primary residence for a certain period before qualifying for another low down payment loan.

Their kids are using way too much toilet paper, period. 

For residents we meet through FF.com or ones from an STR site that want to extend, we offer the ability to do so using leases created by avail.co .