Although I’ve been investing in real estate, both directly and indirectly for 45+ years, I still get a “queasy” feeling when an investment does not perform as expected.My “aha” moment occurs when we reach the point when, despite the investment problems, we’re able to still show a good/substantial profit at the end of our holding period.  

It feels like there’s always a surprise—whether it’s skyrocketing material prices or finding something unexpected during the demo—that eats into the budget and profits.I know there’s always more to learn, so I’m curious—how do you approach rehab budgeting?

Had quotes for $20,000 not including materials. 

If you want help structuring a scope of work or exploring different financing options, feel free to reach out—happy to offer insights!

Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

such as by including affirmative coverage for forced removal in the loan policy. 

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

Turn this around into a positive feel for the tenants. 

Interestingly, the records do include the downstairs space as part of the livable square footage.

As newcomers to real estate rental investing, their guidance has made us feel confident and excited about this new venture.