Let’s make this the start of something impactful and build a community that supports each other’s success!

So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)

Quote from @Preet Sekhon: Just wanted to flag something potentially impactful for real estate investors: it looks like 100% bonus depreciation might be making a comeback next year.

This is because cap ex and operating expenses disproportionately impact lower cost real estate and its very easy to find yourself upside down on a property like this.

You can PM me or send me an email which you can find on my profile because BP won't let me post it here in the body of a message.  

The existing mobile also had utilities hooked up with a $17k impact fee credit that I didn't have to pay to the county.

If interest rates fall later, refinancing again might require you to bring extra funds to the table, which could impact your overall investment strategy.

The shorter the prepayment term has an impact on increasing the rate.4.

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hey Ben, it's great to hear about your passion for real estate and the impact you’re making in Des Moines!