Given the new floors, new electric, new kitchens, new bathrooms, new windows, new HVAC, new roof, etc, I do not anticipate too much for this, but prefer to be safe than sorry.The FinancialsSo... upon first glance, things look "ok".

I know I have been able to live very comfortably and do pretty much everything I wanted and it could've been done with a lot less money than what most of you are anticipating.

I anticipate that being soon, but I wanted to use wholesaling as a strategy to build a downpayment and reserve capital for buy and hold properties as well as income, so I can get in the game before the party is over :cool: Augie, do you wholesale a lot as part of your strategy?

Brady just make sure to anticipate the worse case scenario before buying.

I would see if I could get private funding or a hard money loan to buy a cheap fixer upper in a decent area (since I hear banks are hesitant when it comes to financing dilapidated properties) and use the 40K as working capital in case the repairs are more expensive than anticipated.

Trying to overcome fear as a newbie to investing and remove roadblocks to jump into this, I anticipate getting past the first purchase is the hardest part. 

I don’t know what to anticipate going wrong, so any guidance would be great.Thank you!

How much capital are you anticipating needing there versus somewhere else?

Things got really complicated with the deal and construction took much longer than anticipated.

But appraisal came back WAY lower than anticipated.