Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Each of your sales will need to have overlapping time frames (45 days to identify and 180 to close).

Purchase price: $100,000 Cash invested: $35,000 Sale price: $270,000 Hey BiggerPockets Community,I recently updated a multi-family property on a tight budget and significantly increased its value.

Purchase price: $240,000 Cash invested: $39,000 Sale price: $342,000 Held property for 3 years and rented out the property for 2 years with a rental profit total of $22100 How did you finance this deal?

However, after you get some experience, you probably want to get a Private Lender since this will allow you to keep the majority of the profits.

While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

Where comps come in to to compare "cap Rates"  (a measure of financial performance) of recent sales. 

There are many HMLs that will finance new construction, but much of it is based on your experience, credit score, and the expected sale price.

Would a low enough sales price make all of my concerns go away?

At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.