Cheers to closing out 2024 strong and moving into 2025 with intentionality!

On market & negotiated price based on condition How did you finance this deal?

My credit is strong, but I'm a newbie.

Based on my extensive research, the data suggests the following success and failure rates nationwide:Success Rate: 70-80% for experienced investors, 50-60% for beginners.Failure Rate: 20-30% overall, with 10-15% leading to significant losses.I’m eager to hear insights from any BP members who would like to share their thoughts.

Not sure where your research came from but what I was basing my perspective on, was from a professional working knowledge of being on the ground observing.

The GC should help you determine the scope of work and provide a list of materials based on your goals (e.g., rental vs. flip) and the property's target market.

It is not really apples to apples, but generally speaking the more money invested the further ahead you will be eventually in the future, just because your compounding base is higher, regardless of where the money comes from - ie, 4 300k properties are 1.2 million on property, which is double the 600k property.

However, a larger home may consider another can or two in certain locations based on proximity to the kitchen or bathroom.

Leverage will be based on whether the land is entitled and borrower track record but 50-60% is the norm, not 80%.

All in all - owning a place to rent to other people is a business, and business decisions need to be made based on that cold hard facts and not on an emotional basis, unless someone wants to quickly go out of business.