I was unaware about the 6th month seasoning requirement by most lenders, but I found two that would refi after the rehab is completed.

When everything was said and done, we walked away with $50K in profit.The Key Takeaway for WholesalersMost wholesalers would have completely ignored this deal because it wasn’t assignable at a high spread.

Prior to ACU, I completed my undergrad at Texas Tech University (Guns Up!)

I like the garage conversions for ADUs since you can typically complete a 1-bed, 1-bath conversion for around $90K–$110K.

I am completing my due diligence on a possible motel purchase in the Lake George/Lake Luzerne area. 

Good cash flow and equity upon completion.

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes. 3) On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

I am curious about how working with the city has been as well as the time frames it took to complete a project.

Still no estimate for completion yet.

Asking price, cost of rehab (plus time to complete), ARV, and rent once rehab is complete.Asking price $50k.