Investment Info:

Single-family residence wholesale investment.

Purchase price: $60,000

Sale price: $75,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Dale Ogl...

She will learn street fighting and survival techniques as well as how to fight multiple attackers and prevent rape.

Directly across the street from my building is a 9 unit building currently up for auction for back taxes.

Partner Driven was interested in the Garfield Street deal in Sioux City, IA, due to its quick turnaround potential.

Purchase 1:  3 bedroom 3 bath condo in a *luxury* complex. 

You might have 10 years to recoup the overall investment simply as a STR but might net quite  a bit more in the long run in equity.Alone it might not be worth the squeeze to get that juice, but adding in the equity, you could come out far ahead.Also, If you added slightly more space, could you add the master and another bedroom/bath?

"I want to invest in real estate and earn $6,000 a month net cash flow by 2035 so I can quit my job and spend more time pursuing a career in hip-hop street dance."

Renovation PlanScope of Work:Convert 0.5 Bath to Full BathEstimated Cost: $7,500Details: Add shower or bathtub, update fixtures, ensure proper plumbing.Add Bedroom in BasementEstimated Cost: $15,000Details: Install egress window, insulate, add walls, flooring, and electrical work.Replace DeckEstimated Cost: $3,000Details: Replace existing 8'x10' deck with new one.General UpdatesEstimated Cost: $45,000Details: Update kitchen, bathrooms, flooring, paint, fixtures, and necessary repairs.Total Renovation Costs: $70,5004.

. - What are the things to look for while we are in showing the property other than kitchen & bath room update?

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success