Your new cost basis is only your existing cost basis plus any additional debt/cash invested.

Have you considered exploring a cash-out refi for your duplex's equity?

I'm thrilled to introduce myself as a fresh addition to this incredible group of like-minded individuals.

If so, expect to pay an additional 200 a month or more for water, 300 for electric, and a LOT for gas over our long cold Michigan winters.

Im exploring that alternative with the city.

I have always been fascinated by the world of real estate and am eager to learn from experienced investors, network with like-minded individuals, and grow my knowledge and skills in this exciting industry.Background:While I may be new to real estate investing, I am passionate about exploring different investment opportunities, understanding market trends, and building a successful portfolio of properties.

We've done a few deals together in this way and currently hold 10 properties together - with an additional 3-unit closing next week.The basic structure made sense for me to get started - my partner provided the cash injection and I provided the time and effort to find the properties, fix the first couple and/or manage the contractors.

Any additional unforeseen issues because of power not being turned on could hurt but won’t completely kill the deal unless major repairs needed.

I know the advertised returns aren't guaranteed but 7% annualized monthly cash flow with upside of an additional 13-20% annually when the property sells, aligns well with my investment goals.

Assuming you did not invest originally.To clarify, I am coming across some opportunities where a sponsor is in the middle of the biz plan, their loan is reaching maturity, they need extra capital, and they are attempting to raise the extra capital from other LPs rather than or in addition to a capital call.They are offering "rescue capital" investors pref equity that is ahead of original common equity investors.