One of the biggest factors in successful flips is building a strong team: contractors, agents, lenders, and property managers. 

Yes, we meet the 1st Thursday each month for our main evening meeting and we meet the 2nd Saturday each month at 8am for Dealmakers Breakfast Club. 

While less than 10% of the mortgage industry offers 40-year mortgages, here's something to factor in: they often come in with a rate increase of 20-35 bps.Assume 35 bps.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

I believe I can do this with the upstairs rented out at $1,650 a month and $1,750 for the main floor unit. 3bed 2bath down and 3bed 1bath up.

That being said the main issue with leverage is being over leveraged.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

As I mentioned before, one of my main reasons for switching was to get connected with Marriott Homes and Villas, so that really narrowed my options down to PMSs that support that integration.

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.

They are mocking these up with interest only loans and factoring back in the tax deduction as if you qualified for the tax benefits of a real estate professional and factoring in the diminished first year property tax (since its not a full year).

I still need to do a deeper dive, but the ownership structure was one of the external factors that I was thinking about.