I have also told him that we would split the renovation and whatever percentage of the renovation each of us pay, then we will retain that percent in equity depending on the increase in assessed value, post renovations.

Expenses: Insurance is about $145/m property tax about $208/m (my guess, lowkey the property got tax assessed at $89k in 2022 and now its worth what it is now so I'm guessing $2450 a year).

Both arenas challenge us to see the world from new perspectives, assess risks smartly, and enjoy the journey as much as the destination.

Difficulty with reading comprehension?

When considering the purchase of a property with existing fire damage, there are several important factors and protocols to keep in mind:Assessing the Damage: Conduct a thorough assessment of the fire damage, ideally with the help of professionals, to understand the extent and impact on the structure and systems of the propertyRepair Protocols: Follow local building codes and regulations for fire damage repair.

Assessing each lender's timeliness and quality of customer service is another benefit of prequalification.

These are some well-known names in the real estate investment industry: - Marcus & Millichap - Newmark - NorthMarq - PPA - Cushman & Wakefield - CBRE - JLA - GREA - SVNTake it further by setting up automatic notifications for broker sites such as Crexi and Loopnet.When selecting a market, it is crucial to assess the city as a whole and also take into account the various micro-markets within it.

The interest on the remaining $30,000 would be assessed as the borrower uses holdback funds from the rehab budget.

1) Get your ARV2) Multiply ARV by 70% - 75% to get your max project cost number3) Get a GC or someone with a good eye and walk the property and get a comprehensive budget together.4) Subtract the budget from the max project cost and that's your max offer/purchase price

The ZenBusiness Premium package and the local attorney are the two options I'm most strongly considering, given that they offer the most comprehensive services.On one hand, ZenBusiness seems like a streamlined, cost-effective way to get things rolling, especially with the added features of the Premium package.