I am originally from CA and now have a huge circle of folks like yourself that have investments here in Dayton Ohio and surrounding areas because the returns, low taxes, solid rent, and landlord friendly state makes a ton of sense.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Originally posted by @Julie Sisnroy:I, too would like to revive this post. 

When renting out furnished rooms, am I obligated to provide the exact furnishings and decor shown in the original listing photos?

There's quite a bit of history with this property management company:1) They failed to notify me when the original tenant stopped paying rent in early 2023.

@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

Originally posted by @Mike Lambert:@Jon Latorre$100k+ sounds nice but it's not the same return whether the property costs $2 million or $5 million.My question was what is the typical rental yield range?

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

Your contract should include a process for handling change orders—any alterations to the original project agreement.

Purchase price: $105,000 Cash invested: $23,000 Sale price: $180,000 Originally BRRRR’d, not great roi so sold.