Two of them were using bridge debt and had to do new capital raises to stay afloat and continue renovations and lease-ups.One refinanced within a year of our investment and has returned all our original capital back through distributions.

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

I bought a single family home for cash in November, did the renovations and now have tenants.

It's was so easy for me getting started to get shiny object sindrome instead of locking in ONE STRATEGY, ONE NEIGHBORHOOD, ONE PROPERTY TYPE, ONE RENOVATION TYPE, etc. 

Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days.

I have heard it used different ways.I have used a version of gap funding where the hard money lender funds 85% of the flip (purchase + renovation) and the gap funder funds 10% of the deal.

Hi all,I have a 2 bed/1bath, 900 sq ft home that needs a kitchen renovation.

She did not know why the renewal had not gone through, but noted that the property was delinquent on its property taxes.In the letter from RAD threatening eviction, which Anderson shared with The Inquirer, the company encouraged her to register for help from the city’s COVID-19 Emergency Rental Assistance Program and provided a link to the program’s website.Anderson said the house had been newly renovated when she moved in in 2019, but she noticed some signs of shoddy work, like dips in the floorboards and a bathroom faucet affixed to the kitchen sink.Still, she’d had few serious maintenance complaints about the property and found RAD’s property managers to be sufficiently responsive.Deteriorating homesSlaughter, the tenant who was outbid for her West Philadelphia home by Mendenhall, wasn’t as complimentary.

I renovated the home while 3 of my friends lived with me and paid my mortgage.

One interesting option is doing a renovation loan to add a unit.