Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I completely understand why that clause is there and I'm happy to have it for many reasons including protecting my tenants and my property from damage, etc.

Things to consider when buying a new build are appliances, fans, blinds, and back yard landscaping; sometimes we can get appliances included, it just depends on the situation.

I'm sure many here, including myself, would be happy to discuss potential opportunities with you.

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

This is a common theme across the country with many municipalities enacting similar restrictions including where I am located in Philadelphia. 

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

We have a single flat fee of $1,500 for all of our fees, including the appraisal/valuation.

I met my mentor Greg through my gym as I am a registered amateur USA boxer and I always wondered why this older fellow was always boxing with us at the gym and never at work.