But this was a project.

A picture is worth a 1000 words and a project we helped someone on in the UP was able to gain support and approval by getting renderings done showing what the finished project would look like.

Focus on cash flow and exit strategies, and consider starting with a smaller project to gain experience and minimize risk.Good luck!

Hi @Mark Hafner, we are active in the Spanish real estate market and have been developing several real estate projects in the last few years in the Valencia area (Valencia city and the Costa Blanca).

Specifically, creating a property project timeline for work that needs to be done and when to prioritize XYZ.

If your "estimate" works for you and your "high estimate" is still workable for you, then you can feel confident that if you use good project management practices that you can manage the project to somewhere between those 2 numbers at worst.

The Project cost better be the project cost and the ARV better be the ARV. 

I think flipping is the way to go on this project since it’s my first deal which has always been the plan but very grateful for some guidance. 5 weeks of tear out, wall paper removal 🙃, new electrical, deck supports, HVAC install…we start putting it back together!

Look for areas with solid rental demand, typically in Blue Collar America, where BTR projects are particularly appealing.

I'm starting to hear more chatter about this mysterious "wave of foreclosures" that was a frequent claim/projection back in 2021, which didn't happen then, and by all indications is not going to happen now.