The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

One of my favorite things is meeting young investors and listening to their goals. 

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

Right now, I am renting but have a goal of purchasing a duplex, triplex, or quadplex in the coming months.

@Ethan Brackin what's your goal over the next 3 years?

We love helping sellers around the country connect with investor buyers and potentially retail buyers with the goal of creating win-win-win scenarios.

Hi @Michael Goddard what are your real estate goals?

My goal is to acquire and stabilize these larger properties using private lending to fund down payments and renovations while executing a BRRR strategy.I’d love to connect with private lenders or experienced investors who’ve used private capital for similar deals.

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

Also we are scheduling some consultation with lenders. what are the questions to ask the lender and also how to choose a good lender for investment properties moving forward ?