I Enjoyed the extra viewpoint.

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

What your describing is built into the YSP, not extra points out of your pocket.

My dad and I got caught by that snag on our third flip years ago, and we definitely kicke ourselves for not doing a little extra research up front.

And the math, in real estate you can get 4:1 leverage ratio readily, earning on $4 for every $1 you invest.

I hate to pay extra money for a PI on work we have already done.