Especially considering it seems like if you're already putting that capital down to make this happen why not finish the house and make the profit the flipper would make yourself?

If you're looking at a gut rehab that's going to take 9-12mo from start to finish then yes, it should be at 70% or less.

I refinanced my primary mortgage to pay cash ($40k) for the house and will have put about $60k of improvements into it when I am finished.

I just finished my first rehab (to BRRR), and a tenant in place within 60 days.  

If that’s the case great - Now if I’m going to keep financing the note whats the best set up for that I have heard I can transfer it to an LLC under my name and ask them to buy the insurance under their name but to put the LLC as the a deed owner which need to get paid off in case there’s claim - If this works out I could hang on to tjis and just let them finish paying for the house the remainder 18 years -S~

Gorilla Glue and maybe some small finishing nails, Or some screws from the inside of the cabinet into the dummy drawer.

This discussion is really geared towards Cook County investors, but any advice is welcomed.Cook County recently passed The Just Housing Ordinance.

Since I was a newbie, I purchased it brand new with no negotiations, outside of having the builder include higher-end finishes for free.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation in which we had to replace EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.