The public adjuster will argue with the insurance adjuster and get you the best payout.

Hi BP Community,I’m looking into my first out-of-state multi-family partnership with someone that already has experience in the local market and connections to the operational teams required to make out of state investing successful.

@Alec Raven we started managing our own MF units 4 years ago and have learned a lot along the way.

Great way to create cash flow and equity! 

If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.

Jarrell is on the north side of Georgetown and within the very fast growing Williamson County.

However, repairs or improvements must be permanently affixed and add value to the real property.Costs and Escrow AccountsThe costs of the renovations will be based on the plans and specifications for the work and on the Construction contract for all of the work requested by the borrower.

Here is a scenario where it all works out nicely.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

To start real estate investing, learn deal analysis, and understand key metrics like cash flow, cash-on-cash return, cap rate, and gross rent multiplier.