Say the ARV (After Repair Value) is $60,000.

Just be sure that the property will cash flow enough to cover all your normal expenses (debt service on the 30 yr loan, CapEx, repairs, vacancy, taxes & ins, etc) PLUS enough extra to pay off the LOC in a reasonable anoint of time.

It won't be a complete tear down and start new, but will cost around $400-$500 k in repairs and expansion, while the home will cost around $1.1M to buy. 

In fact I did have at least one deal that wouldn't have happened without her.Just this weekend, and I mean Saturday/Sunday I was on the phone with our mortgage broker getting rates and a letter of conditional approval so that we could get an offer in on a property. 

I am the director of operations for the company, which means I am responsible for most everything that involves the business.As a contractor, we have crews to handle all aspects of home repairs and remodeling.

Also, your repair number seems a little bit low.

You can search around and see if you can find their phone number, if you can not find their phone number I would send them a letter.

My goal is to buy it with conventional financing, repair it to be rent ready, and hire a property manager to rent it out.If you could recommend an investor friendly real estate agent, I would highly appreciate it!

I also will probably have enough money in the case that the house needs a major repair on it.

Hey @Steve Uhlig, I'm not super experienced but I vet BRRRR deals using 70-75% of ARV and then subtract the cost of repairs.