. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

-repairs and cap-ex can be the most challenging aspect for new investors, there are no standard rates that will work across the board. $200/mo is a safe bet for a SF of this size for cap-ex, and your repair estimate looks ok.

Hopefully, this will entice new buyers as well!

Today, we secured contracts for two of our new construction homes in Palm Bay, FL.

I am fairly new to investing, 24 years old, live in Reading, Pennsylvania. 

I was also able to get the seller to provide all new furnaces for the two sides.

For some background...I am currently a renter in the City of Chicago and am new to real estate investing.

It appears to be marketed as a product that not only is a full roof solution like I would think of as a new rubber roof, but would address leaks and flaws in the existing roof such that the existing roof need not be torn off and replaced.

We are particularly passionate about the upstate New York area.Outside of real estate, I work as a financial professional and Ralph is a contractor.

I'm not sure what his cash investment was, but he built them himself so he's probably pulling a decent ROI like you and was pleased with their performance.Anecdotally, we saw a big, new cabin on Little Bear Rd up the road from there that was for sale.