They tend to be a bit more of tenant turnover.Just make sure you run rent comps and can achieve the increase projectedGood luckGino

It’s all about balancing the funding so you’re not caught off guard when costs inevitably rise.Hard money lenders are often a good option because they’re specifically geared toward short-term investments like flips. 

You need to find out more about the business plan for this property and how they are going to achieve the projected returns because this property will be cash flow negative at the time of acquisition based on the numbers you provided. 

back in 2020 when I bought a pool of assets, there were some assets included where the tax balance was greater than a property value.

I’m unsure if HEL or HELOC or selling the rental, doing 0% balance transfers makes more sense, or a combination.  

We acquired a townhome property from a wholesaler, executed a successful renovation and remodeling plan, and achieved a profitable sale just 116 days later.

We purchased the property for $793,000 in 2020 for cash, and then financed a mortgage for building the second house later that year for $450,000 at 3% on a 30 year.The property is worth about $1.8m now, with a mortgage balance of $420,000.  

It is an owner draw so that means it goes on the balance sheet and not the income sheet.

There are two categories of investors who generally achieve success relying on the voucher program .

The appeal of this deal lies in its low entry barrier and high potential return, made possible by your hands-on approach in sourcing and negotiating directly in the market.Financing the deal through both personal investment and banks offers a balanced leverage, while your approach to seeing potential in underappreciated properties maximizes value.