And with more equity, you can 1031 into a larger property and grow your net worth.

Hey everyone,For those in the real estate game, how do you track your property expenses, labor, and other details during the renovation process, especially when managing multiple properties simultaneously (e.g., 3-5 houses)?

If you have a place in Nashville, it could be either and both.The larger the place, the more you are likely to cater to families.

After renovating, I'm ready to refinance and push the property to my LLC.

The larger wholesalers use VA to skip trace and cold call saving them all of the work but you need capital for that.I recommend going to some events here in the DFW area.

If you don't go into what you can afford, then you have to get into teams and syndication where you build the funding to buy larger commercial real estate.

Value adds that could bring up cashflow/value:- renovating units to bring rent up to 6-7k/month - ability to rent out parking space on the property as lot is large - trailers, parking, RVs etc - about 1-2k/month cashflow. - property had TDR trasnferable development rights and can be built 5 stories on it.

It took me 11 years, 25 properties and 76 doors to replace my income but when I bought my first larger commercial deal, it replaced my wife's income in one year. 

A couple of weeks ago, I came across an awesome off-market deal on a hundred-year-old house a few weeks ago and thought all I had to do was renovate it and I would have myself a nice little home to live in long term.

A turnkey provider usually buys the property, renovates it, sells it to you, and then manages it for you.