They always send pictures pre-rehab and say it will be done with the purchase price.

I received a 6% return rate, and had a chance to purchase 4 properties.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Purchase price: $110,000 Bought the house of the MLS.

Having said that my last purchases were Dec 2021 (I purchased $4m of RE that month).  

The Federal Housing Finance Agency (FHFA) gave conditional approval on Friday for a pilot program allowing Freddie Mac to purchase SFR closed end second mortgages. 

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase). 

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Attention to detail was perfectly executed through out the entire home.

2nd question...so even though you're not doing an initial purchase and trying to take out the equity in the property, does a dscr really make the most sense or does something like a heloc do better?