Projections?

That renovate, re-fi strategy isn't new. 

Djenald,I myself have a couple of investment properties and have done projects both in Texas and Florida.

I want to use the money from that sale to pay for the renovation or as a down payment for my father’s house in Pasadena (if I decide the purchase the house).

Anyone else have project/buildings on hold due to meter stacks or some other big component of your build?

With that in mind, I would determine your next step by finding what about the property is giving you the biggest headache.For instance, if the fact that the property is not performing where it should be is the headache, maybe you should tap into the Conversion profit of $650k-$950k and renovate the property.

Not talking about a GC that oversees the subs on the project.

I would say that there have been a lot more off market deals being offered by wholesalers in the past few months and many of those are distressed with need to do some renovations to get the property up to speed.  

In this post, I share with you the pre-construction investment benefits in the Dominican republic in the tourism sectors like Punta Cana, Puerto Plata, Sosua, and others.Among the benefits of acquiring properties on plans are the following:1- Capital Gains: the increase in the value of a property over time, due to different factors, such as accessibility, location, within the urban environment, services and infrastructure, and urban and architectural value.2- CONFOTUR tax benefits: law 158-01, which establishes tax benefits for real estate investors in the country's tourism sectors, which grants the benefit of tax exemption for 15 years.a)- Real estate transfer tax 3%.b)- Real estate asset tax (IPI) 1%.3- Financing available with an interest rate of 0%:Which works depending on the policies of each project, it normally works as follows.a)- the unit must be reserved from $2000 onwards.b)- They are given an approximate period of 21 days - 30 days to complete the downpayment 20%.c)- it is financed in monthly installments without interest until 50% of the value of the property is reached at the time of delivery 12-24 monthly paymentsd)- the remaining 50% can be financed with a bank or you can pay it cash.4- Resort administration: which guarantees monthly profitability and a return on investment which we could talk about by a zoom meeting..Thank you

There are many things that could be overlooked as part of the renovation on fire-damaged properties.As far as additional things to consider in the rehab: The challenge with fire damaged properties is that there is more than meets the eye.