Do you need to finance the repairs or can you pay out of pocket.

You'll never know under those circumstances the actual cost of the building, because you can't tell from his invoices how much is actual cost and how much is in his pocket. 

@Ken Breeze Perhaps you can respond here :)@Storm Silva there are many syndicators on Bigger Pockets: hope you can find the answers you seek.

There are many all of over the country, and you can find them both on bigger pockets, in the events section, below is the linkhttps://www.biggerpockets.com/forums/521-events-an...and on Meetup.com.Lots of luck :)

Hi, I'm new to the bigger pockets community.

Welcome to bigger pockets Josh C. !

After this, only money out of pocket will be closing costs.At this point you own 30% of the equity in a house, have established a positive cash flow, and are prepared to begin the next project.STEP 6.

Somewhat of a pocket listing so no need to market to retail buyers.

I've been an investor now for 3 years but just decided to get more involved with the bigger pockets network!

I may not keep reserves from this amount during the initial Lease-Option period, as I have means to handle any issues out of pocket.- So I'm $9K into the property, but at $500/mo cashflow it will take only 18 months to recoup my money (in a perfect world scenario where no other expenses occur and no reserves) - which is the exact length of my Lease-Option period with an option to extend for an additional 6 months if needed for another $1,000 Option Fee.- Further, I use FREE-OPM...