The other important items are contract terms (including draw schedule, scope of work and timelines), consistent follow up on progress, & paperwork (estimates and invoices) for change orders - they will undoubtedly come up as no construction project goes precisely as planned or has zero hidden or missed task items that will need to be completed.Time is your enemy on all flip projects so hiring the right contractor who can deliver the services in an efficient manner will often be more beneficial to the flipper than a lower priced contractor and/or a poorer quality contractor.

“They won’t be buying houses as much as elsewhere, but if they do, their debts will be enormous,” Kotkin said.A December 2024 report by Upgraded Points, a financial information website, found that the Californiametropolitan area with the most severe credit card delinquencies—defined as 90 days or more past due—is the Riverside-San Bernardino-Ontario region with a 15.2 percent delinquency rate, the eighth worst in the nation.

Lucas, stepping into property management without experience is a big challenge, but it’s doable if you set yourself up right.Know the Law – Texas landlord-tenant laws, fair housing, evictions—get familiar or risk costly mistakes.Use Systems – Property management software (Buildium, RentRedi) will save you headaches with rent tracking, maintenance, and lease management.Plan for Repairs – Have a go-to list of reliable contractors and a process for handling maintenance fast.Set Clear Terms with Your Friend – Define your authority, compensation, and how major decisions will be handled upfront.If you take this seriously, it can be a great learning experience—but cutting corners will cost you (and your friend).

I’d like to understand the scope of repairs allowed under this financing option.3.

STRs can work near tourist draws like the Inner Harbor.Since you’re scoping markets, we develop, build, and manage Class B multifamily projects in rural southeast US—12-200 unit properties in rural Georgia, Alabama, or the Carolinas.

Mario, instead of focusing on "20 properties" I would buy fewer but better properties.

It's a very competitive market there.I think your 203k approach will likely be a leg up in deal hunting as you'll be able to take on an investment that needs a bigger scope of work while others might be looking for a more standard value add situation.let's connect. i'd love to help however i can

If not, you will want to be sure to define your own deal preferences and risk tolerance.

VA Cash Out refi's must demonstrate a Net Tangible Benefit to the veteran, strictly defined by VA, to do one of the following: eliminate PMI, reduce the rate, reduce the term, reduce the payment, increase residual income, renovate or repair your primary residence, convert from ARM to fixed rate, or stay below 90% LTV. 

I used to do this what you talked about but the numbers are much better and easier to control and you can bet premium infill sites compared to where you can purchase. you can refinance on a DSCR and continue to do it over and over