While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

If you have read the book Outliers and understand the concept of doing something for 10,000 hours makes you an expert and then you look at real estate agents, most of them part-time, many have less than 2 years of experience, on average 7 deals per year..

The whole concept of being over-leveraged depends on whose eyes you are looking through.

Focus on these core concepts:Projected hold timeProjected cash-on-cash returnsProjected profits at the sale Projected Hold Time: ~5 YearsProjected hold time, perhaps the easiest concept, is the number of years we would hold the asset before selling it.

Welcome to BP @Jason Edwards. you can set up "keyword Alerts" here. 

@Edward Condon transferring a qualified account to another qualified retirement account is not considered a distribution and is therefore not subject to tax or penalty.

As a property investor or manager, it's crucial to grasp the concept of capital expenditures (CapEx) in multi-family properties.

It's just a buzz word, more than anything else.2) A concept that has always interested me is the 'Lease-To-Own' concept.

Best,Edward

Scope of Work:Initial Assessment: Our team conducts a thorough assessment of the property to evaluate its current condition, identify structural issues, and determine the scope of renovation required.Design Concept: Collaborating with architects and designers, we develop a design concept that blends contemporary elements with the historic character of the row house, maximizing space utilization and optimizing layout efficiency.Structural Repairs: Structural repairs and reinforcements are undertaken to ensure the integrity and stability of the building, addressing any foundation issues, roof leaks, or structural deficiencies.Interior Renovation: The interior of the row house is completely renovated, including the removal of non-load-bearing walls to create open-concept living spaces, installation of new flooring, upgrading electrical and plumbing systems, and installing energy-efficient fixtures and appliances.Kitchen and Bath Remodeling: The kitchen and bathrooms are transformed with modern finishes, custom cabinetry, quartz countertops, and high-end appliances, creating functional and stylish spaces for daily living and entertaining.Historic Preservation: Special care is taken to preserve and restore original architectural features such as exposed brick walls, decorative moldings, and hardwood floors, enhancing the property's historic charm and character.Exterior Enhancements: The exterior of the row house receives a facelift with fresh paint, repaired masonry, restored windows, and landscaping improvements, enhancing curb appeal and contributing to the overall aesthetic appeal of the neighborhood.Quality Assurance: Throughout the renovation process, our team adheres to strict quality control measures and standards, ensuring that workmanship meets or exceeds industry best practices and building codes.Finishing Touches: The finishing touches, including interior decor, lighting fixtures, and hardware, are carefully selected to complement the design aesthetic and create a cohesive and inviting atmosphere.Timeline and Budget:The single-family flip project in the Philadelphia row house is estimated to be completed within [timeline], with a budget of [budget].