Your traditional hard money doesn't eat your profit, they charge you a high rate.3. $150/month in cash flow is not something to hope for.

It's safe to say that your HOA will increase each year especially with inflation, how high rates are right now and will continue into 2025.

A few weeks ago, her washer and dryer hose burst causing a massive water leak.

They aren't tax savvy and neither are high income earners (both very low income/retired) and won't really entertain any savings strategies.

@Vanessa SwitzlerI live and only invest in Greenville SC.It’s a great place to live and a great place to invest.It appears we have similar approaches doing JV and smaller syndications though we did do a deal with 281 units, too.My only caveat would be that I don’t consider Greenville to be a cash flow market - the growth is too strong and the demand too high.

Loom is a great platform for adding all SOPs to video form - huge timesaver when it comes to onboarding, training, and familiarizing your staff with current systems- Create a tiered compensation structure for agents to incentivize the high-performersHope this helps!

Hey Tonatiu, I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

You will be surprised how high they are going.

I am just left with heat water garbage and all the incedentals How did you find this deal and how did you negotiate it?

Quote from @Mavely Pazmino:We want to use a hard money lender and use HELOC for 20% down payment… should I be worried that once I buy and rehab I wont get a high enough ARV to refinance in order to payback my HELOC and HML?