Learned that hired labor is the highest cost when rehabbing or fixing up to flip.

Real estate presents opportunities for tax planning which essentially boil down to depreciation/cost recovery.

Be the cheapest and best.

A deal that’s “close” but not quite right can still cost you big.

Momentum 2025: Virtual Investing SummitJoin me and hundreds of active investors for an immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

You aren't necessarily building that much equity (cost of building exceeds the value) but it is a third option that is a hybrid.Another factor is location.

For the financial side they hire third year financial analysts (3 years removed from college) because they cost one quarter of what a qualified employee would cost.  

Purchase price: $137,500 ($44,000 in to the property... loan at $101,000)Appraisal: $180,000   ARV: $195,000Est rehab cost: $7,500Scenario #1: 75% LTV cash out refi at 4.25%...

The cost is minimal and I am smoking the closest competitors in my market.

But the cost of maintaining and filing an entity correctly is much higher and also needs to be considered.