Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

Quote from @Katie Camargo: Looking for advice as I am a relatively new investor: I found a house with positive LTR cash flow projections and negotiated the seller to under-asking ($340k).

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Grading is set to begin once weather gets better.Bank loan is also part of this but  they also are asking known friends to fund the project in return of higher interest rate . 

There are a lot of good 1-4 unit BRRRR opportunities here too with also good General Contractors coming from Columbus or Dayton to work on the projects.

As a foreign investor, I can get financing up to 80% for the purchase of real estate, so the biggest problem for a more serious project is down payment if you have a solution for down payment, please suggest me. 

Im also looking to connect with investors who are eagerly searching for their next project.

Project Collaboration: If you're interested in partnering on a project or need architectural insights, let's chat and see how we can work together.I'm genuinely excited to be part of BiggerPockets and can't wait to contribute to the community.

Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development. 

Seamless Project Execution – A well-run design process minimizes downtime.