The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

The profit isn’t going to be anywhere I initially wanted and was told it would be.

If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

Its affordability, ongoing revitalization initiatives, and strong rental market contribute to its appeal.

What drew me to Detroit initially was the potential for strong cash flow, but I’ve also seen appreciation in several of my properties as the city continues to improve.

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

They also want you to spend on ads around $1500 so initial total investment is around $60,000, but NOW it's +$15,000 since the new year. 

Brokers and sellers need to be able to envision you as a good operator for the business, and they have to believe you can actually get the deal done.Your initial outreach should not get into numbers.

Trying to match the color that is already on the wall is just about impossible, even with left over paint from the initial painting.

With the profit from the first deal I would pay for the initial investment technically.