Our goal was to lower expenses esp going into retirement in an expensive area. 

.- Maybe a once a month get together or zoom call - or maybe much moreThe ultimate goal is to become financially free/generational wealth - for everybody in the teamThank you for reading Leave a message if interested

I have experience in office/managing projects I'm sure there will be a learning curve, but one we believe we can accomplish. 

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

My main goal is to ensure that I generate a monthly net profit of 2000$ within 6 months.

Otherwise, you're buying "secret sauce" projections, not real data.Hope this helps!

Hi all,That is definitely a misleading headline and to be clear I just scanned the article but the past few weeks I've been reading numerous other articles about the proposed bills as well as the proposed bills themselves.The main goals of the proposed legislation is to give counties the ability to disallow 30 day rentals.   

Already approved for $200k 203k loan but interest is 8%Goal: get 1st rental (already got a client to rent it for $1500 a month)How would you proceed ?

Hey Aaron,If the goal is to use the HELOC as a down payment for a DSCR loan, you will also need to factor the Prepayment penalty when you decide to cash out on the new appraised value after all renovations are completed.