So there’s a good chance aluminum still in use today is pretty old by now, and electrical systems don’t improve much with age like wine and women do (my opinion on the latter but fact-based for electrical wires and wine).

Since pricing is always based on supply and demand, when you find a house that is priced “ridiculously low” it’s because people don’t actually want to live there.

Quote from @Nicholas Cavato: Hello everybody,I am a new real estate investor based out of Tucson, Arizona but will be moving back to the Midwest (Cleveland, Ohio) late 2024.

I am currently researching and putting together some assumptions and trying to keep it on the conservative side and not base it on some of the inflated numbers that are published.

What are you basing this on? 

Maybe and open world type of game, where mostly, residential markets are covered and based on current or recent events in the housing market.

My location strategy was being close to train transportation to capitalize on the large commuter base traveling into NYC.

Stand at the point of water evidence and look up, 45degrees in any direction, that’s your starting, gravity based points of entry and travel.

The interest is a set percentage that is based on the balance due and is often bundled with the monthly installment of repaying the funding.

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.