If you're looking at a gut rehab that's going to take 9-12mo from start to finish then yes, it should be at 70% or less.

I refinanced my primary mortgage to pay cash ($40k) for the house and will have put about $60k of improvements into it when I am finished.

I just finished my first rehab (to BRRR), and a tenant in place within 60 days.  

If that’s the case great - Now if I’m going to keep financing the note whats the best set up for that I have heard I can transfer it to an LLC under my name and ask them to buy the insurance under their name but to put the LLC as the a deed owner which need to get paid off in case there’s claim - If this works out I could hang on to tjis and just let them finish paying for the house the remainder 18 years -S~

Gorilla Glue and maybe some small finishing nails, Or some screws from the inside of the cabinet into the dummy drawer.

Since I was a newbie, I purchased it brand new with no negotiations, outside of having the builder include higher-end finishes for free.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation in which we had to replace EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.