I have a law and title office and we close dozens of wraps each month.We can help you from start to finish. 

Purchase price: $196,000 Cash invested: $8,500 Sale price: $325,000 I bought this home as a new construction home and made it my primary residence for about 1.5 years.

Someone found a 400k property for 125k and didn’t put no money into it got 4K and a chicken sandwich back at closing.

c) If I do find a property that is in need of repairs, how do I go about the renovation process (given that I won't be onsite or close) ?

@Ryan Ness Be sure to check with your insurance company before closing regarding the knob and tube.

Ultimately it always boiled down to their inability to close due to funding problems.

That's a decent benchmark for averages, but if you're doing a luxury STR, it's not really going to be close.

Purchase price: $650,000 Cash invested: $150,000 Sale price: $770,000 townhouse development What made you interested in investing in this type of deal?

Nope, smooth sailing on title, financing, and closing.

Hi to all I am a brand new to this BP and a completely beginner investing in real estate.I have applied for a second mortgage for my next primary residence and on the process hopefully closing at the end of August (brand new home), now I have contacted some credit union to apply a HELOC and advised me to apply before closing of my current primary home.