Yeah @Kent Fang ching, you detailed a couple of the strategy actions we are doing for clients right now in MN. 

It's a detailed perspective on how private lending works, with practical strategies for building wealth through this niche.

Quote from @Bob Asad: Thanks for the detailed response.

Happy to go through some details on that though if that would be helpful!

Are their listings detailed with good-quality photos?

The more transparent and detailed the documents, the fewer surprises on both sides.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

The real way to answer this question is to do a detailed break down of the numbers.