It's a detailed perspective on how private lending works, with practical strategies for building wealth through this niche.

Quote from @Bob Asad: Thanks for the detailed response.

Happy to go through some details on that though if that would be helpful!

Are their listings detailed with good-quality photos?

The more transparent and detailed the documents, the fewer surprises on both sides.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

If it was mine, I'd fix those bathrooms up with real tubs and tile and different vanity tops and change out the kitchen laminate with something modern and I definitely wouldn't supply appliances.Would it work...