We always ensure we have an inspection contingency in place that gives us an out if we feel the rehab is going to be too extensive for our liking.Good luck!

A BRRRR usually requires extensive renovation, alot of hard money guys wont give you that kind of money unless younare a general contractor, expereinced in Rehabs, or youre partnering with ankther investor who is

We did extensive renos and while it finished on time, people couldn't see past the construction. 

For the year 2018, i had made an estimated payment and filed for extension before the tax deadline in 2019 April.I subsequently did not file the 2018 return until mid Feb 2020 and it has not been since processed due to covid close down.The IRS tax account transcript for year 2018 shows the payments i have made back in 2019 april along with the update that the tax return has been secured as of mid sept 2020. 

The house needs some extensive work- new roof, re-wiring, potential floor plan changes, bath and kitchen remodels, flooring, etc.

I have set myself with what I believe to be a very extensive lease agreement for tenants, but did not yet think of terms between partners.

Now add in all of these above factors and consider how many times you will have to submit conditions to the lender for each month of new pay stubs, bank statements, verification of employment, credit supplements, builders invoices, appraisal updates, rate lock extensions etc...Your looking at 4-6 months now in most cases.I would suggest that after 2021 settles in a bit and "Hopefully" Covid starts to clear it's name form the media.....You might look back into that option.  203K is a time investment loan option that I think could be a last alternative choice to something quicker like a fix & flip loan. 

It's a nicellitt le scam so bidf*rassets can charge $35 and tempt you to bid on whatever is left of the dredges--- with their enticing "automatic extension" type bidding system to extract every dollar.

Purchase price: $361,000 Cash invested: $438,000 Sale price: $520,000 Extensive rehab What made you interested in investing in this type of deal?

I did extensive research up and down the northeast before deciding to purchase properties in Worcester.