Those rates would be low in my area by half .I do service work , the clock starts ticking when the truck leaves the shop and doesnt stop until the truck and men return .

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

I get rehab draws from the hard money lender to reimburse for the repairs.5.

Our team here at CrestCore is dedicated to working with the out of state investor and have the team in place to make us a "one stop shop" for everything you could need to build a portfolio here in Memphis.  

I've looked into the one-stop shop tools, but none are quite as good as these individual tools yet in my opinion. 

Be sure to have the gas, water and sewer lines inspected as these may be dug up or collapsed - and very expensive to replace/repair.

4. how do you estimate a repair?

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.Final Thoughts•If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.