However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

My current understanding of the market make me disagree completely with that statement, so what have i missed?

the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

@Nick AmYou're making conclusions and, much worse, business plans from very limited and, in your case, completely wrong understanding.Self-employment tax that you will pay on your property management income is not instead of ordinary income tax on rental income.

You’ll want to get loans from local banks and credit unions but you may run into issues with more limited features.

You can usually get a lender to go 85% of cost or 70% of the As Completed Value for such a project.

Hello,My wife and I have completed about 30 flips, 25 or so have been from the MLS and the other few have been off-market deals presented to us by wholesalers.

I recently completed my 2nd 1031 exchange with them and couldn't be more satisfied.

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.