@Meera Lakhavani ask your lender how sure he is the loan will close, ask your real estate broker how sure she is of the after repair value and appraised AS-IS value and ask your contractor if the 185K includes all the upgrades, finishes, etc that you have in mind.

@Paul DuncanIRA Services Trust Company is very reputable and they have been in business since the late 1970s.

@William Salas Love Logan Square, just finishing up a 3 unit fix and hold there.

Let's say it takes you 3 months from start to finish before your house hits the market.That's what an extra 5k and 3 month wait probably not worth the outlay.

When I finish filling the last property I will be bumping close to 10k profit a month from them. ( after I pay off some credit card debt I used for my business) Since I have rolled most of my profit back into the business and doing rehabs etc I don’t have strong tax returns.

But in all likelihood, the baby will be a few days late.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Hello,Is it more costly to finish and paint drywall vs hanging and paneling with a designer panel?

I understand why they think that given the pod casts  late night TV etc etc. but reality check is this is a capital intensive business.. and undercapitalized business fail most times.Americans specifically have a very tough time managing personal debt.. and some of it is certainly regional..

Unfortunately you're considering purchasing very late in the cycle, and cap rate compression is an inevitable consequence of that.