I may not know exactly what those expenses will be or when they will occur, but I know they will occur eventually, so I set money aside for them.This year is a great example.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

One, I have enough money to cover a downpayment + reserves for future expenses for the property.

It costs big money to place a resident - often a 100% of the first month's rent.

But when the check came back in the mail I spent the money on something else8.

I used hard money and HELOC's on other properties How did you add value to the deal?

If I proceed with adding one unit, around 1500 sqft, the construction and approval costs may amount to approximately $450K, which would bring the total property value to around $1.35 million.Given that some three-unit properties in Canton have sold for less than $1 million in the last two years, I'm uncertain whether adding this one unit and renting it out would be a wise investment.My questions are:Is adding a single unit worth the investment considering the current market trends in Canton, MA?

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

We double close if our fee is more than 20% of the purchase price because most hard money lenders will flag it if they see more than a 20% fee on the hud. 

see who has what money  etc etc.