Hi Kevin,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

Hi Chris, how much should one budget for soft cost for a similar duplex build?

There are many rural counties in CO with vacant lots owned by out-of-state LLCs that will have significant budget shortfalls from this change.The only silver lining is a right of first refusal for the lienholder to match the final auction price to buy the property within 8 days of the auction.

I would just double-check the finishes of sold comps to make sure they are in line with your property.What is your budget for all that work?

Travel nurse demand and budgets dropped off in 2023.

I'm also wondering if anybody knows the costs and rules for bringing in water and power to a piece of land in these areas, I know it's different for each property but is there any possible way to get estimates on bringing in water and power to a piece of land I want to purchase before actually buying the property so I can create a general budget for buikding a home.

I know some hotel franchises budget to shut down and renovate every ten years to stay updated.

,To piggyback off what @Michael S. said, you’ll find it pretty difficult to find a decent property in Huntsville proper on a $250,000 budget.Don’t worry, though—in nearby suburbs, your budget will work fine.

Make sure to budget construction interest.  10.  

But as I think about a fix and flip, beyond just swagging an ARV minus your purchase price and minus the rehab budget, I know that there is so much more to the equation to understand a true return, especially as it relates to putting your own cash into the deal.Thanks in advance!