Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

Mind you, she used a legal aid attorney, so he didn’t cost her anything.

a property that cost $140k has not had appreciation that has kept up with appreciation.  

Ultimately, it’s essential to consult with your lender to understand what’s best for your long-term goals and costs involved.

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

She is a delightful honest business women. 

If it’s multifamily, I’ve been in the business for 20 years and can share some insights.

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

My budget for the first property is $50k ~ $100k total cost (including rehab).