If the project seems like it has potential, then follow the steps they give you.

I'm having contractors over the next two weeks to see the project and bid on it. 

I figured I would still have to be very involved in this aspect, especially doing more than one rehab project at once. 

Purchase price: $220,000 Cash invested: $70,000 Sale price: $460,000205 Hermit St is a project we wrapped and sold in early 2024.

He suggests that projected rents would be $5,400.

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

Use those tools they will play nicely in this industry as well.If you ever want a Hard Money tutorial or tips on markets or how to identify a good project then just PM me.

My realtor has been great at providing numbers that show projected cash before and after living on the property.

Above all, my priority is a project that stays on budget and time (easy right?

My project engineer job with huge general contractors (schools, hospitals, etc.).3.