As a percentage closing cost as percentage goes down as value increases but we will 15X to account for closing costsNo cash flow per OP.2% market appreciation equated to 30% + 15% = 45% 3% market appreciation equates to 45% + 15% = 60%4% market appreciation equates to 60% + 15% = 75%Recognize in virtually all markets the cash flow increases with hold length especially if a fixed rate loan. 

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

It's always better to check with your brother's CPA since he has all the background, but I would say short-term rental with material participation requirements met by your brother, then do cost segregation.

Seems like everybody who is with them likes it and all the negative comments come from people who havent tried it.

I appreciate all their training as well.

All FHA loans will have UFMIP, which is 1.75% of the loan amount.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

Things that AI won’t know:Market rent as isMarket rent renovatedCost to renovateSpeed at which renovations can occurLease up rate once renovatedInvestors learn all of this by doing work in their market.

I’d love to hear more about your goals and how you’re planning to use your license to grow.Wishing you all the best on this journey—feel free to reach out if you ever want to connect or chat strategy! 

Hi all, My grandfather has passed away and my grandmother is left with handling finances for the first time in years.