Jumping with both feet, looking to learn, grow and engage with amazing individuals!

Gabe Cinquepalmi Amazes me that people are paying/ going to pay $700k for a 2000 sf townhouse.

I am also just getting started and find it amazing how so many members are willing to help you reach your goals.  

With that being said, a 7 Cap hotel better be fully renovated and running amazing operational margins in the South East part of the United States.

I'm sure you have already seen how amazing this site can be.

Wow those renovations are absolutely amazing.

Deal analyses below:Property #1 Purchase Price:$82,000Projected ARV:$105,000Post-Rehab Appraisal:$111,000Estimated Rehab: $11,000Actual Rehab:$14,518Financing:1st close: HML for 90 days at 9.99% and 2 points; 2nd close: 30-yr fixed at 4.375% and 0 pointsClosing Costs:$6,982 (2 closings)Rent:$1,200Cash Flow: $327 (after maintenance, vacancies, etc.)Cash on Cash Return:11%Timetable:Rehab Complete – Day 15 (started Day 1), Tenant Occupied – Day 60, Refi Complete – Day 83Property #2 Purchase Price:$120,000Projected ARV:$160,000Post-Rehab Appraisal:$162,000Estimated Rehab: $18,000Actual Rehab:$18,034 (amazing I got so close on this one)Financing:1st close: HML for 90 days at 13.99% and 3 points; 2nd close: 30-yr fixed at 4.5% and 0 pointsClosing Costs:$11,977 (2 closings)Rent:$1,420Cash Flow: $258 (after maintenance, vacancies, etc.)Cash on Cash Return:7% (not great, but at least I have some equity)Timetable:Rehab Complete – Day 25 (started Day 10), Tenant Occupied – Day 44, Refi Complete – Day 50Key Lessons Learned:Be super diligent on the refi process. 

This is an amazing space to learn more about becoming a part time investor.

It merely creates amazing buying oppurtunities.

@Joel Owens Memphis is an amazing place for SFR investing.