Good Offer Price: Without knowing the current bleeding amount, it’s tough to give a precise number, but generally, aim for 70-80% of the after-repair value (ARV) minus the cost of repairs.

If the lender gets spooked by the transfer, they could call the loan due immediately, and that could be a huge problem unless you have backup financing ready to go.2️⃣ As for conventional lenders doing a rate and term refi with a second loan in place, it's tough but not impossible.

Andrew, honestly just keep going.You'll be worth 8 figures soon.Not many people love their jobs, but it puts food on the table and you are clearly good at it if you've been doing it so long.Use some extra income to start getting into RE investing.If you get a seller to carry 15% in 2nd position, you just need a 10% down payment.Its tough to do but everything in life takes sacrifice.

But... the market is very, very tough right now, and what I tell everyone in your position is: if you're serious about it, you have to pick a market, go to it in person, and be willing to spend time in it in person, building a network and getting to know it. 

I had hired an out-of-state investment consultant and project manager who both turned out to be a complete disaster.

The episode dropped recently on the BiggerPockets Real Estate Podcast and goes into how these design elements can give your property a competitive edge.If you’re working on a project or investment in Arizona and want some insight on how to approach renovations to maximize value, feel free to reach out.

Companies like RCN Capital offer specialized financing for fix and flip projects.### Renovation PlanningDevelop a detailed renovation plan to maximize the property's value.

I’ve had experience with real estate investing in the past, but now I’m planning to dive into fix & flip projects.

I’m a Marine veteran who has spent most of my 15 year professional career post service in project management across multiple industries like aviation, hospitality, tech, and CNC machining.

I had hired an out-of-state investment consultant and project manager who both turned out to be a complete disaster.