Having contingency plans and sufficient cash reserves is crucial for navigating unforeseen challenges.Hope this helps!

Plans only work until they don’t… due to a ton of unforeseen costs in a major renovation and revenue targets not hitting even our conservative metrics it doesn’t cash flow.Chris, I recommend taking your questions elsewhere.

The real rehab once you get in there is 56k cause you had some unforeseen costs and your real exit is 205k cause you wanted to get out of the project. 

Hello Everyone,I’ve been a member for a while, but due to unforeseen circumstances I had to take a break from my real estate endeavors.

Due to current market conditions and unforeseen financial challenges, we havedecided to temporarily suspend distribution payments.

I would probably keep it on the sideline until I can pay it in full in case something unforeseen happens.

This property in particular had some additional unforeseen costs (main water line damage, sewer line damage, etc.) that certainly caused us to go way over budget.

I ran the numbers with 11% interest, 1.5 points, transfer tax and 6% agent fees( my landlord would represent from our side) for 345k and 5k for unforeseens.

Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)

The partial exemption is usually granted if you have to sell due to certain circumstances like a job relocation, health issues, or other unforeseen events.