He simply doesn't have the time to focus on this, and here is where I come in.We currently have a series LLC setup with both of us as managers, and we will be pooling funds through members to each series LLC.In summary, my partner is doing all of the RE work, and I will be handling 100% of anything related to the pooling of funds.

I will rework it using the 50% rule.

I can definitely get attached to a deal, and work and re-work my numbers until I can find a way to make it look good on paper!

Purchase price: $375,000 Cash invested: $75,000 Sale price: $515,000 Cosmetic flip work including- kitchen cabinets, countertops, appliances, interior paint, flooring, electrical fixtures, reworking the master bath layout, vanities, and deck repair.

We can make a fairly large profit on these type of deals, because the typical retail buyer will undertake a kitchen facelift and/or repaint stuff, but they won't undertake a full rework of the floor plan and taking the property down to studs with new electrical, HVAC, potential addition, drywall, and then all new finishes.Another area that allows for larger margins is additions. 

How do families make RE work that don’t have excess money in their budget at the end of the month? 

Hey William and all,Inspired by this post and my clients in need of a solid way to analyse Airbnbs, I completely reworked a property analysis template and wanted to include it here for everyone.

I'm left with two choices, 1. default and you can have the property as it is or 2. we rework the payments so they make sense with this new market.

I've taken a number of the free forms in the fileplace and have reworked them for myself, my market, and my organization.

I think it would make a super cool bar if you turn it into a bar situation and that street gets a ton of traffic. it's owned by someone, so you'd have to rent it and then kind of rehab/rework it into a different sort of 'lube' stop. but could be cool!