It's always important to have contingency reserves and having a healthy contingency line item that's capitalized can greatly reduce cash during life of loan.Loan Administration:Remember construction lenders release for completed work and the borrower has to navigate the process by which the work is completed in order to obtain reimbursement.

Purchase price: $160,000 Cash invested: $30,000 Took this home from bad to glam in 1.5 months for a healthy profit.

While I haven’t invested in Cleveland or Toledo myself, I’ve heard both cities offer interesting opportunities for new investors due to their affordability and rental demand.When deciding between the two, have you considered what kind of tenant base you’d like to attract and how the job markets or local amenities in each city might support that?

Up until then I was cheerleading the earlier thought experiments about supporting lean/regular/fat income with ~$1000 / month per paid off SFH, thinking “I could bang that out in 5 years”.

You will receive a report as a result of the cost segregation study that supports the breakout between asset classes and new depreciation schedule in the event that you are audited by the IRS.

I was informed by KCMO Health Department that landlords are supposed to be paying an annual fee to them and they conduct inspections of rental units in the city? What experience do people have with this, is there a wa...

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

Feel free to DM me—I’d love to learn from your journey and see how we can support each other.

I will keep you posted where I end up with my first property :) I wish you all a happy and healthy 2025.

You can increase rents if the market supports it.