However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.

Be patient with your husband, but you may have to take on the 1st, 2nd and 3rd projects on your own before you see any support from him.

My vision is to bring together motivated people to support one another and potentially form an LLC for group projects as we grow.If this is something you might be interested in, I’d love to chat more and see how we can help each other on our journeys.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . .”A trusted lender will go over the various loan types with you, any down payment requirements on those, and down payment assistance programs you may qualify for.

I was overwhelmed with projects at the time but paid $35,000 and sold two years later without any improvements for $125,000. 

• Crowd-sourced projects (think Crowdstreet, Fundrise, Roofstock)• Moving into investment for 2 years and sell (seems extreme and low level of confidence in strong desired results.) • BBD - Bulk everything together into one large investment, cash-out refinance, rinse/repeat (seems like ongoing work like we have today.)• NNN - purchase triple net lease opportunity (1031 everything into it, managed under trust, tenant takes care of everything) • Sell each off the normal way (even spreading out one a year, heavy tax implications and truly diminishes decades of work.) • Give/donate each away-----I expect many here have already been through similar dilemmas and interested in experiences, lessons learned.

A few public projects have cleaned this up but the area has never prospered since.