There is virtually no reason to keep “cash” on hand for repairs. 

Acting as your own GC is a great way to control costs as you embark on this type of project.

I'm interested in following this project when/if you kick it off. we have this in columbus. 58 rooms on .1 acres. 28000 sq ft. but this site the land is 50k it's set same as columbus but in miami dade county but sounds good. are you more interested in the miami one or the columbus one? 

We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.

I didn't want to have to remember to do that myself every time.

In the end, the project was completed successfully and sold for a profit.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

If a project is profitable, wouldn’t you rather have some cash flow rather than none?

Welcome and would love to connect as we have a lot in common!

Having a "master" accounting software allows you to blend all property-specific info with general business info to see your full financial picture.