Investment Info:

Single-family residence fix & flip investment.

Purchase price: $22,000

Cash invested: $30,000

Sale price: $145,000

Contributors:
Peter Vekselman

Partner Drive...

It involves ground work, gravel, possibly concrete pads or blocks.

Too many of you are not sufficient to truly be investing.2) Learn what your goal is with investing-- if it's "financial freedom" realize that'll take 15 years plus, at least, or a massive windfall/luck.

Just started my first airbnb after a massive rehab.

Then, think of only buying houses etc. in the fire zones that are made out of concrete and steel and cinder blocks, without asphalt or wooden shingles.

The "1% Rule" can be a great rule of thumb but it doesn't account for a massive elephant in the room: Expenses.What really matters is NOI (Net Operating Income), which is why we prefer cap rate. 

Plus, being part of a mastermind connects you with a massive network of mentors across different sectors and backgrounds of REI, opening up endless possibilities for learning and collaboration.

- rock, concrete, asphalt, Security $10,000, Electric/lighting $8,000; Other $10,000;  This is in the countryside so no engineering cost.Below is a layout.

Try to focus on properties that were built after 1960The reason for this is because the foundation of the property is likely made from poured in concrete or block construction.Poured in concrete is favorable because it allows for less water penetration into the basement.The mechanicals of the property are likely more in line with today's building code.

This makes porcelain good for flips and holds My last rehab, I put porcelain on the first floor concrete and LVT on the second floor wood.