Even if things don’t go perfectly, you’ll gain valuable experience that will help you with your next project.

Once you have a steady cash flow and a better understanding of what goes into renovations, you’ll be in a stronger position to move into MTR or consider a fix-and-flip project.

I think that's exactly what I would want to do, but I'm clueless as to how much such a bedroom conversion project would cost.

The house has some great pros:• Newer 2000's home with renovations in the last 4 years• Renovations include: paint, lvp, toilets, vanity, ceiling lights/fans, roof and HVAC• Tenants look like they are up keeping the house decently.

However, most lenders have no desire to deal with that which is why they work with experienced and proven investors they are confident will drive the project to its finish. 

I just know that some money is frozen and they are not taking new projects.  

Additionally, the property’s location in Rolling Prairie, IN, aligned well with our investment strategy, making this a promising project for collaboration with our partner Ron Rowan.

Project cost: $510K, with an ARV of $750K.

If you're confident in managing the project and timelines, this could be a worthwhile venture.Need guidance on financing or navigating your first major flip?

You'll spend a lot of time (sounds like you may have already) spinning your wheels in trying to find the right lender, whereas a solid broker can pair you up with the right fit right away and get your project moving.