Having a good game plan as an investor is key, making wise purchases, accurate budgets, holding subs accountable and to also know, yes, this may be the  current ARV at purchase, but how is this market trending and what’s our timeline.

To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.

Most investor utilize short term hard money debt to scale their flipping operations where the lender will fund 80+% of the purchase price and the rehab budget which can allow investors to work on multiple projects at once.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

3-6 months is what youll have to budget. 1 month to serve them notice and if they dont concede then its 45-60 days to get into court and then some back and forth.

Eliminate debt, establish a budget, and save.

All their clients tried to blame us for not being able to:1) Do the rehabs on the budget advertised2) Get the rents they were promisedCheck out our website and DM us if you'd like more info or discuss the proper way to invest in Detroit:)

Budgeting: Many landlords use the 50 percent rule, which means that 50 percent of your rental income should go to covering fixed and variable expenses, other than the mortgage.4.

Investing feels overwhelming, and I get stuck in analysis paralysis. How much of your free-time goes into research versus actual hands-on work on-site? I’d much rather be working with my hands than sitting in front of...

Since you’ve already done renovations, you probably know how to manage rehab timelines and budgets.