fixed roof, replaced furnace, full bathroom and kitchen rehab What was the outcome?

The Discount: After the initial no call no show I wrote a pretty terrible review about them on google.

We made 2 extra bedrooms out of an enclosed porch/ garage and added a bathroom.

Some problems when I saw the house were that, the master does not have a bathroom in it, there is little to no backyard, the garage was converted into a room and its not permitted, the house is also on a main street.What do you think this house is worth knowing that?

The key to this or any RE investing strategy is to buy correctly, which is to say, buy with a discount (equity at purchase).

This makes it very difficult to get a sufficently large discount for a property that is in need of work: the market overpays for less than perfect condition.So, what happened?

So while the market makes it very difficult to create enough delta between initial purchase price and ARV to pay for 50-70k remodel expenses and create 25% equity, the current market does provide for tailwind via general appreciation, something we have not had in the past.When you are looking to BRRRR a duplex you will look for a property that needs substantial work and will therefore sell for a big discount.

Either get better at estimating rehab costs or but better (with more discount at purchase) to provide a larger spread for these occurrences.

Inspector states it appears from the outside that the dryer and/or bathrooms may vent into the attic space and not to outside; Vents for this are currently too few and the wrong type. 

The smart combination of buying at a discount, adding value, and then using leverage once the asset is performing to pull equity and launch the next project is just a very good formula when executed well.Be sure to start by reaching out to non-recourse lenders to learn about their programs.