When You make mistakes (fail)...learn and 'rebuild' BETTER " "Leave a lasting impression on people""We are too soon old and too late smart" "Time is limited" I honestly can't wait to have more quotes, because to me it's not just quotes, but lessons.

Which, for all intents and purposes, are ALL his projects that anyone knows or gives a damn about.Lets stop pretending that you or I could rebuild and remap NYC, in such an impactful and unapologetic way, even if our dad loaned us a mere $58M.Please read the book, and I wonder if you will still attribute his early success due to luck or money.

Generally they are rebuilding or renovating to resell.

Either you or a representative you trust with out exception must perform all the necessary due diligence just as you would for a property down the street from you.Turnkey companies want to maximize profit by doing as little work as possible using the cheapest materials.I would have a professional inspector check everything with a fine tooth comb,especially the roof,plumbing,electrical,and HVAC systems.Also make sure you get a repair warranty for when things go to hell in two years or less(and they will).I honestly don't trust any property I don't rebuild myself with my trusted contractor and quality materials that will last at least a decade or more

I have some past debts rebuilding my credit now..that shouldn't stop me with the hard money lending.

However, the same process applies to finding someone to paint or someone to rebuild a foundation.To begin with, unless you’ve been paid to do work on a house, you’re not a contractor.

Use that cash to survive while you find another job, don't sabotage your 401(k), and rebuild once things stabilize for you.

Items needed include:  new HVAC (current was installed in 2003), new water heater (the house has two, one is new, and the other was made in 1998), significant bathroom repairs/remodels in both bathrooms to re-do unskilled labor, window replacement to re-do unskilled labor, destruction of the garage and rebuilding the roof to be without the garage, destruction of a cinder block wall that was supposed to be used with the garage, finishing the driveway that was half-completed, fixing plumbing violations, new flooring and paint in the entire 2000 sq ft house, updating tax records with number of rooms and bedrooms, and some cosmetic updates.I initially offered $90-95k range, and said I would present a final offer upon review of the repairs.  

I recently moved from the East Coast to the Seattle-Tacoma area and am starting to rebuild my business.

Cashflow is negative, but Total ROI is 25-30%, meaning this would be an appreciation play and would provide a nice roof over my head and some gratification of owning a nice home.My guess is that it's somewhere in between these two scenarios.I'd still continue investing in future buy & hold deals, but this would mean I'd probably have to take a year off to rebuild my savings.