Hi Maggie,The biggest challenges in funding a fix and flip typically include:1.

@Randy Winzeler Yes, as the buyer in an owner-financed deal, you still get all the usual tax benefits, including depreciation and cost segregation.

I've been doing it since 2015 (including Section 8), and I've yet to have any damage done that exceeded the security deposit.

And that's including some very lucky breaks where we bought properties with sub 3% lending before the pricing jumps in 2021 and 2022.

The auction I attended was for Gwinnett County in Georgia, which includes Auburn, Lawrenceville, Berkeley Lake, Buford, Dacula, Duluth, Grayson, Lilburn, Loganville, Norcross, Peachtree Corners, Snellville, Sugar Hill, and Suwanee.

. - The insurance industry like many others (including our industry of home remodeling here in Chicago) has escalated exponentially in cost.I've got several local Chicago brokers I can share with you, but I think no matter what your rates & premiums have probably gone up...I will send over a couple of contacts for you.Just curious, what neighborhood of Chicago is your building in?

When I hired the PM in April, we did a small redesign including light painting, replacing light fixtures, adding a few amenities and other small touches that I also included in this cost.

These could include single wide's as well.Thanks everyone!

In areas with a lot of market activity, there will be more comps to choose from but please remember that CMAs also include active listing, under contract and expired data (not just sold data).Connecting with an agent who specializes in your area(s) of interest could be helpful here.We use 3 platforms, including our local MLS, to run CMAs.

Heck, I run it and print it out for a seller and include it with my PA as justification to my #'s that I am not just low-balling em but here is the facts, I'm gonna have this n that price coming up.