@Juliann MoralaA GC is suitable for estimating rehab costs, but consider hiring a property manager or investor-friendly realtor for unbiased opinions.Video Walkthrough – Have them record a wide-angle video of the interior and exterior to capture the whole condition.Floor Plan Mapping – Use an app like MagicPlan to create a detailed floor plan with measurements.Major Systems Check – Roof, foundation, HVAC, plumbing, and electrical—any red flags?

Lenders look at creditworthiness/balance sheet/track record and the collateral in determining the leverage they will offer.

Why ask: You want to know the mentor’s qualifications, expertise, and track record in the specific area you need help with.

They lady started almost yelling "If you have your bank investigate we will send them the screen shots we sent you".

Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, though these costs are not immediately deductible.The LLC Operating Agreement must clearly outline how contributions are recorded and how profits, losses, and expenses will be distributed.

I would not envy investors who participate in this vehicle when the team has not track record of success with it. 

Give fair housing testers the right to secretly record your call, trying to trap in a fair housing issue.

Just make sure to vet them carefully and ask for references from past deals and proof of their track record.

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.