With that in mind I’m projecting 200-250k to fund a 25% down payment, closing costs, light rehab, and 6 months of debt service and opex as reserves.

The line of credit wasn't much but it was more than we needed for this project!

I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

Education on financing and scaling, such as DSCR loans, and partnerships can help you take on larger projects.

., projected/estimated cash flow). 

@Michele RichardChicago neighborhoods and suburbs are ideal for rental properties and Building Reconstruction Redevelopment (BRRRRR) due to proximity to major development projects, affordable multi-family units, and strong rental demand.

These leads ask tough questions about the market and aren't satisfied with generic answers like "it's a good time to buy."

For a business plan, you'll want to include sections like your business model, market analysis, financial projections, and operational plans.

Consulting with a contractor or local building official is advisable to navigate compliance with safety requirements while optimizing your renovation project effectively

Thats a low LTV but without knowing or seeing the PFS, Returns and previous P&L its tough but if strong 65% even higher should be workable.