My max purchase price will be $400,000, my FICO score is around 720 and Experian VantageScore is around 760.

Carnegie Mellon creates “$2.7 billion in economic impact each year”.

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me. 

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

Your original purchase is depreciated over 27.5 years.

I think we all get fatigued from time to time, and I think it's worse when things are "slow" because of economics or demographics or whatever.

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

Purchase price: $110,000 Cash invested: $60,000 Sale price: $225,000 This property has 2 units and 2 storage units creating 4 income streams.

@Jullion Cooper Congrats on your purchase!

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.