I'd suggest looking at flipping your current project or be content leaving more equity in the deal and not pulling as much cash out.  

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

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

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

The vast majority of business owners are not committing crimes, and tools already exist to go after the ones that do.For example, a certain political family has dozens of shell companies shuffling money from foreign entities with no discernible evidence of conducting business.

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

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

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

Amazing how much the Buffalo market has changed, of course the politics and taxes havent and wont, why I moved to central Florida 4 years ago. 

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.