You could be ahead of your time with this idea but the expense could only be justified in the metropolis of NYC or your CA.

Hope I’m not getting ahead of myself.

Our prices year over year are up, and even without filling those gaps we are already ahead of last year. 

You will need to click on my name then the video with the judge graphic for 2:59 minutes is the one we showed in committee yesterday. 

Thanks for the detail on lessons learned, I will keep in mind not paying contractors ahead of time.

Thanks in advance for clicking into this.

. $500/month on the property, and give us the new capital to use with other investments (we're looking at passive, multifamily syndications).In my mind, this all makes sense and we're ready to go full steam ahead...but the fear of the first time is a real thing...so basically we're just looking for affirmation that it's all going to be ok, haha.I appreciate any insight, help, downfalls, or reassurance that you can offer. 

We will go ahead and allow the word "Value" to be used as though it was some real accounting figure for a second, but even if we did not, "Value" and "Cost" are not related. 

You are so much ahead just thinking about it! 

Here's a high-level look at some of the preliminary numbers:Offer price: $53,500Purchase closing costs: $1,200Rehab estimate: $25,000Estimated holding costs: $2,000ARV: $105,000-110,000Target 75% cash-out amount: $79,000 - $82,500As you can see, the numbers looked pretty good up front and it looked like we would be pretty close to breaking even on the project after the cash-out refi, so we went ahead with the purchase.