What tool can I use to track the costs of this total project to see if it makes sense ?

Hey everyone, I'm a highly seasoned multi-family investor and developer in Canada, with a track record of successfully developing over 800+ units.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

But the escrow officer can help with that.From a high level though, that’s it in a nutshell. 

There are others who believe time in the market is critical.I’ve only been at the real estate game for 46 years 😀 and so have been thru numerous market cycles.I’m a time in the market investor.Buy quality properties in quality locations.

Partner Driven was interested in the N Deerview Dr deal in Lake Villa, IL, due to its high profit potential.

I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

@Gerardo WaisbaumAt Spark Multifamily Group, we use money market accounts and are earning our investors high 4% interest rates.We have a separate MMA account for each property.Don’t co-mingle funds from different deals in the same account.Each property ( assuming single property syndication ) should have its own account.The interest earned belong to the property ie the LPs.

To find deals that meets the stricter criteria means you may be looking for a while in frothy markets.Those that assume the future will be rosy, have a high likelihood of failure when the market turns.

BRRRR is my favorite although it's getting difficult to do these days with interest rates as high as they are.