This way it’s no up front out of pocket expense for me and they then have the extra money to spend as they need it.

Rates are pretty high (12-15% with an additional 5% of the loan paid at maturity).

I have also added line items for common area monetering and additional appliances.

Additional info: We're also currently in a middle of a listing of our 2nd flip as well.

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

In addition, there are also different rules with regards to Timeline as well as identification that you need to follow if you want 1031 to be possible for you as an investor.

The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.

The unique part is the additional basement garage.

Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.

This ensures enough space for the homes, parking, and any additional amenities while maximizing land use.Project Scale: To reach an institutional-level deal, you'll typically need at least 100 units.