A 100-year-old home with structural concerns could mean costly repairs, so get a thorough inspection, especially for foundation and floor issues.

Hey Christian-  I understand the higher costs associated with private or hard money can be a mental roadblock when it comes to investing. 

When I consider the risk and the rebuilding costs, I am surprised the insurance is not even higher price.We got a referal for our CA FAIR agent from the RE agent and they were real responsive. 

With 8% you should easily cover the heloc cost, and more to pay it off down the road.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

That means on a $500K single-family flip with a $200K rehab budget, you're paying $40K-$50K in carrying costs alone.

The buyer signs a representation agreement with no locked in period, with the flat fee buyer agency.2.

Expenses✅ Ensure rental income covers mortgage, taxes, insurance, and maintenance costs.✅ Calculate potential profit/loss using this simple formula:📊 (Monthly Rent - Total Monthly Expenses) = Net Rental Income3.

It helps estimate ARV, rehab costs, and potential returns and offers funding options.

From a financial standpoint, the key is to ensure you're purchasing properties at a price low enough to make rehab costs and refinance achievable.