Though we haven’t closed our first deal yet, we’re ready to jump and pull the rip cord as soon as our coach gives the green light!

looking at your breakdown, the margin leaves very little room for error, especially with holding costs and commissions eating into your profit. 

You’ll eat it on fees with HELOCS on investment properties.

Quote from @Bruce Tieu: Quote from @Jonathan Greene: Are you saying this is zoned as a single-family and is not a legal two-family home?

It's super competitive here and we have a large flow of off-mkt homes coming our way, so we had to develop tools to speed up acquisitions/underwriting.I built something that allows VA's or very green staff members the ability to properly distinguish opportunity as if they had years of expert experience & local market knowledge.It will run sales comps & estimate ARV for you:And has drilled-down market stats that are actually useful!

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

@Jonathan Greene thanks for the shout out.

Quote from @Jaycee Greene: Hey @Daniel Stegelman, how much are your operating expenses?

Quote from @Jonathan Greene: This is a great idea, Joe.My kids are 23 (son) and 21 (daughter).They have learned real estate through osmosis and probably don't know how much they know.

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise noted, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes all property types and price ranges.