I was thinking Stamford at first, but the projected rents seem low for the area.I have one comment on the financing, you mentioned a 30-year amortization but then also mentioned interest only, which one is it?

From there determining what you have budgeted for your first project.

Long story short, it has been over a year and the project remained incomplete and he walked away with the money.

My goal is to build the capital needed to start investing in Real Estate, and I felt this was the best way to get there.I spent 6 years as a project superintendent with a commercial builder, followed by 2 years as a construction manager in the track home industry.

Purchase price: $170,000 Cash invested: $60,000 Sale price: $280,000 It was my first project.

Quote from @Timothy Franklin: @Trevor FinnI would agree with your breakdown, but why overlook a potential to run the 91k subject-to with a targeted 6 month hold for flip or 18 month refinance?

This is the biggest part of the project.

Right now, I’m actively learning and planning to start my first projects this year.

One might even invite you to visit one of their projects to talk about it in detail and give you a peek behind the scenes. 

Feel free to reach out if you need any recommendations or assistance with your projects.