Here's what the quote covers:- Conversion of 2 bedroom, 1 bath main house to 3 bedroom, 2 bath (~1040 sf footprint)- Demolition of existing walls (existing dining room wall, wall between kitchen and living, bathroom closet)- Finished Shell (Reframing opening to living room and kitchen, shifting openings for bathroom/bedroom, new walls at bathroom and dining, level - Replace all aluminum windows with fiberglass windows and screens- Upsizing plumbing, and relocating fixture locations as necessary- Upgrading electrical panels- Assume heat pump and ductless mini-split for heating and cooling- An allowance for kitchen appliances including combination range, hood, dishwasher, microwave, refrigerator, and washer/dryer- An allowance for mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Ikea cabinets or equivalent with solid surface countertops, includes island- Assume solar system to be installed on the house including battery storageFor the garage ADU, the garage would need to be demoed and rebuilt, but we would benefit from building within the setback since the garage is on the property lines.

You can run your own comps on Zillow/redin  make sure you understand your local market and how much finishes, bed bath count effect prices, don’t lie to yourself about arv or project it to go up that’s how you end up in trouble.if you can get all those variables down, while things can still happen/go wrong you should have a good ball park of the potential profit margin, always room for error in your net profit, markets can shift, you can get hit with unexpected expenses etc. 

That first investment property is so essential to shift your mindset to that of an investor, and to build the foundation to be able to scale upon in the future! 

From there, I shifted my focus to scaling while recycling my capital.

With active inventory soaring by 34.1% and the months supply of inventory climbing by 44.4%, it's a gentle reminder that in the real estate world, balance is key.Broward Townhomes & Condos: Where Urban Chic Meets Coastal CharmNow, let's shift our focus to Broward's urban landscape, where townhomes & condos radiate an irresistible charm.

U.S. housing market is seeing significant shifts, with regions like the Midwest, Great Lakes, and the South emerging as hotspots for real estate activity.

It's mostly a crash pad as these workers and doing 12 hour shifts

As an investor that was around during the 2007 meltdown, there were a lot of investors that lost their shirt when their mortgages shifted from interest only to including principal and interest.

The other reason is that tax assessors may use different methodologies to value the property including revenue potential.The key items that play a role in the valuation of commercial real estate property include:Property Type: A storefront is for example taxed differently than an office building.Location: Rural regions tend to be taxed at a lower rate than urban regions.Government Spending: When there are different funding needs, it can determine how much of that revenue comes from taxes.Market Shift: When the market shifts, property values change which can lead to a change in the assessed value.Let’s talk a bit more in depth about how the commercial property values are determined.

Do you usually ask tenants to sign a one year lease and then shift to month to month?