Hi BP Community,
I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:
Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Tim...

Quote from @Henry T.: Olympia WA just passed an assistance program for certain minorities if they can show they have roots in this state prior to 1968.

I believe it’s called a home equity agreement:https://www.cnbc.com/2019/04/05/need-cash-now-you-can-sell-t...https://www.nerdwallet.com/article/mortgages/shared-apprecia...

We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

Against my better judgement I modified the criteria based on feedback I received and this is not going as expected.

@Maria T., why are you looking to use preferred equity?  

Now THEY have the upper hand and YOU are the motivated one, and thus they expect you to offer more for their house (because you are relentlessly and "genuinely" showing genuine interest right?

Quickbooks isn;'t setup out of the box for real estate and you need a separate subscription per LLC.

Whenever you subtract inventory and reduce the housing stock you get the adverse effects you'd expect.  

Hey @Lisa T., so giving a shout out to @Mike Lambert who is pretty savvy investing south of the border.