Feel free to share more about what you’re working on—I’d love to connect and collaborate.Wishing you a productive week ahead! 

It helps estimate ARV, rehab costs, and potential returns and offers funding options.

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

Each former member is then free to either do a 1031 on their % interest or take the cash and pay the tax.The opposite manuever was more common until around 15 years ago. 

Feel free to reach out with any questions you may have or if you would like to see some past work.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Initially the numbers were 40k for rehab cost Lessons learned?

We offered 407 and asked for closing costs.

Wishing you all the best as you get started, and feel free to reach out if I can ever help.