Not true.

The Five Truisms About Real Estate That Are Actually NOT True
5. Real estate is a PEOPLE business, not a PROPERTY business. Well, maybe In residential, SOME of the time. BUT, guess what? It’s about the PROPERTY. You’...

We added $40K-$50K refinishing the hardwood floors, removing wallpaper, painting walls and updating the kitchen & bathroom with new cabinets, adding granite countertops and creating a BEAUTIFUL dining room off the kitchen that was wasted space as an enclosed porch, and also added french doors leading out to a newly-built pre-finished deck we added so the new owners could enjoy their gorgeous fenced in backyard.

@Braden Smith It's true, texting can be tricky.

Although, obviously, often it is true that the borrower is also the legal title holder...but they are not necessarily interconnected.

@Bruce Woodruff- that's true, that's why I mentioned ARV (sales price) not specific rehab costs (which is what the poster was asking for originally). 

@Ryan Dickerson, while you will ultimately need to either make a somewhat blind leap or hope you can find a contractor that will walk your properties, one piece that I will add is: YOU need to know what type of finishes you are looking at, and understanding their material costs.I.e. are you going to do carpet, LVP, or true hardwoods?  

Purchase price: $225,000 Cash invested: $55,000 Fix & Flip in the beautiful St.

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

Most investors downfall is getting caught up dealing with the BS minutia of operating their real estate business and have no time to focus on true business development and growth.