@Inna HurinWe are starting a channel to discuss on what’s app if you want to be included with your phone number please send me a note and I’ll make sure you are.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

we have had a bit of a roadblock since the duplex are listed in the city as two single family homes. we have had evaluations done before and they are worth twice as much after the repairs. do you guys work with credit of 640?  

Save your hard earned cash for down payments and repairs.    

If you have vacancy or in need of a large repair, will you have the cash to also manage that? 

Start locally and branch out (in person) or pick up the phone and start dialing. 

While they often require some level of repair or renovation, the potential for significant returns makes them an attractive option for many investors.Why Invest in Distressed Properties in Phoenix?

Purchase price: $65,000 Hybrid Fix & Flip, bought, made minor repairs and clean out.

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

Remodeling costs increase the property’s basis, while post-rental repairs are deductible expenses in the year incurred.An LLC isn’t necessary for a single rental but can provide liability protection as your portfolio grows.