What made you interested in investing in this type of deal?

Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

For this reason, I often recommend setting up separate LLCs for Illinois investments.

What I'm hoping for is an Excel or spreadsheet template that allows me to play around with these variables and, most importantly, calculates the IRR and TIR for each scenario.Does anyone have a board or Excel sheet they use for this kind of investment simulation?

This is your error margin.

Currently repeating step 5 for cabin 3.This rinse-and-repeat process would enable the construction of 1 cabin per year, until profits expand to allow for 2 per year...

I’m considering taking this down myself if I can’t sell it, but wanted to see what the community here thinks.The property is a five bedroom two and a half bath victorian era home in Greeley, CO.

This keeps it fair.

Very valuable insights, Jay.

You got this and good luck!