There's a workbook too that will lead you through all the decisions and strategies you need to tackle.

There's a workbook too that will lead you through all the decisions and strategies you need to tackle.

There's a workbook too that will lead you through all the decisions and strategies you need to tackle.

I'm just coming out of college myself so I don't have crazy high standards, but I don't think I wan't to tackle a major fixer-upper as my first property. 

I might tackle some of it myself, but I'm also open to farming it all out.  

Partnering can be a win-win situation for both parties and will allow you to learn the ins and outs of flipping so that one day you're ready to tackle a deal on your own.

You had a few Q’s- Lets tackle them:1) The $100k ARV is actually total investment, the ARV would be $150k, based on comps in the area.2) This does include the barn and 3 acres3) I don’t necessarily say it was a great deal, as I am just learning the #’s; but conjunction I want to learn how to structure financing as well.4) Is still for sale because it’s only been on the market 2 days.5) agreed, learning to budget and building some capital are things I need to prove to myself; but wish to have a decent stay between my wife and I by the middle of the year. we’re older, we’re not playing, time is not on my side.

Most lenders will lend to first time rehabbers on 1-4 unit investment properties, but experience matters a lot more (to most lenders) when tackling a 5+ MF renovation project of this size.Generally speaking, if you can bring rehab experience to the project, have liquidity for 20-25% down (depending on ARV and experience) + closing costs + liquid to start the rehab (then reimbursed in draws as work completed), you should be able to obtain financing on this project.

I purchased my own home, tackled many renovation projects (while living there for 5 years), and sold it for $125,000 more than I bought it for.

I’m very interested to tackle his project as an owner builder to save money to use higher quality materials.