So don't totally trust it.But I'd say that it's really moot of you can buy a duplex for half of new construction.

For example, if the proposed project estimation total is 90K, can a group of investors invest 30K each, each gaining their fixed interest on it based on their contribution?

A very small proportion of the total available residential inventory trades each year because of the stable demand and influences above, which makes competition for the small inventory high and tendency for price competition on the upside regular.

So my Upfront/out of pocket cost will be right at $16,000  +  $35,000  needed to repair/renovte it Total cost =  $50,000  ( rounded ) The ARV should come in at  $125,000 So is that  $75,000 worth of Equity in the Property, enough of a reason for them to feel comfortable in lending me the  $35,000  " against " the Property ?

If you haven't already, I would read Dave Ramsies book, Total Money Makeover or Scott Trenche Set for Life (I haven't read this one yet but heard great things). 4.

If you find a great deal on a 4plex where you live in one unit and the other units provide you with total coverage and extra cash flow per month; then you CoC return is essentially infinite (assuming you got your closing costs covered by the seller).

I am 29 years old, a TOTAL newbie on REI, never bought a house nor invested in one, and I work full time as a chef.I'm here to seek advice from experienced investors on how to get started as a wholesaler.

Am I totally out of line to say the cosmetic issue is no reason for any prorated rent?

- It's only good for food haha).The quotes came back as such: $5500, $6400 and $7800 for a new 3 ton unit and installation..I was appalled as these prices didn't sit right with me so I decided to take matters into my own hands and do some on the ground research since I just so happened to be in Houston that weekend.They say your network is equal to your net-worth so I immediately reached out to my network of investors and got the contact of a formidable handy man in the area.We were able to cut out the multiple middlemen and go straight to the wholesale distributor (cutting off all middle men would mean going straight to the manufacturer but it's not possible to buy one off units from them).I paid $1000 for a brand new 3 ton unit and was charged $500 for the labor of the handyman...Needless to say, I'll be working with this handyman for future projects and repairs..Total cost - $1500 and 2 hours of my timeTotal savings - ~$6000Because of my spidey sense and network, I was able to save a ton of money, form a new relationship in the process, acquire a connect with the wholesale distributor and write this article..

I'd be lying if I didn't say I became totally hooked on the idea of real estate investing!