Also noting this change in tax law that has been a boon for his business is:Any buildings purchased new or already built from October 2017 to today qualifies for 100% Bonus Depreciation in the first year.

Luckily we got a great deal this time and already have probably 30,000 in equity.So this sort of leads me to today.

On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business.

When you have completed $10k worth of work, you need to know how fast and how much work it is to get the draw that you need to pay your materials/labor and refill your coffers for the next stage of your rehab.Hope this helps. 

Wait for near bottom to buy the land and start building or build fast now before materials rise. 

Flipping needs a good knowledge, fast & hard working ground staff & hopefully you can have an experienced  partner that can supervise on ground.

NOT at all like a west coast trustee sale.. were its fast and clean and such.

They are a multi-family GC so the tediousness is going to suck for their sweet spot of moving efficiently fast but they are skilled so they can do it. 

I spoke to the lawyer today and he said the chance would be small, but he can't tell me I couldn't be sued. 

The end if the period for taking offers is end of business today and I have a message from the broker wanted to see if I am interested in the property, ignoring the fact I had already submitted an offer, which deadline has passed.