As someone with a military background, I’ve always approached investing like a mission—know your strengths, assess the terrain, and execute strategically.For me, starting with SFHs felt like the “crawl” phase before running into multifamily.

However; investors also bear a responsibility to sufficiently investigate the contemplated investment, to assess whether the investment is appropriate for them, and to know or learn enough about personal finance to evaluate whether or not they are able to sustain a loss without undo strain.  

referral=UZXgWmHappy to help review settings or share unused property assessment credits if needed!

Start by scheduling a walk-through to assess the property and confirm renovation needs.

I’m reaching out to you, the seasoned investors, for guidance as I work toward making my first acquisition.So far, I’ve analyzed over 100 deals to assess their viability and profitability, and I understand the law of percentages in CRE.

They have paused for 100 days until they reconvene to re assess and study more the impact.

It appears that you did your due diligence to understand the risk involved and you inquired of Marco Santerelli a full honest disclosure of Norada records so you could assess that risk before handing over your investment.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Each lot is assessed with the taxes to cover such cost and they are paid monthly for the first 15 (give or take) years as part of your mortgage payment.