Fortunately it was a location with a PSF of ~$1.5k, so I added more than $100k of valuation (suspect I may not have quite achieved my $2 added for every $1 spent).But the bigger issue I see, if I add $200k of equity at hopefully a cost of no more than $100k it seems like maybe a good brrrr but what if it has expenses on a sustained hold that results in negative $1k/month?  

With $27000 reno cost and an added $225/mo how long is that to break even?

I am looking to create a value ad to the property.

From adding bi-fold doors to creating outdoor kitchens, we design spaces that make the most of Southern California’s weather.These trends not only elevate the homes we renovate but also ensure they stand out in the market. 

Buying land without this and adding the infrastructure to do it yourself will be really expensive. 

They will quickly send you an amended version of the contract with this 2% added on, and ask you to sign it and send it back. 

EX: I ran a few real estate ads targeting real estate agents on FB. as a test since I never did an ads before.

If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

They exist but are far and few between.After bumping the rate to 7.5%, adding 5% to Maintenance, and increasing taxes to $2500, I would need to increase rent to $950 to cash flow.