I budget for a typical rehab regardless of what condition the owners says it's in.

Said simply, the transaction costs as a percentage of the amount raised (up to 20% on $1 million) is simply too high compared with other options available. http://www.forbes.com/sites/deborahljacobs/2013/04/17/the-trouble-with-crowdfunding/http://thehill.com/blogs/congress-blog/economy-a-budget/299341-is-crowdfunding-to-be-crowdlessI believe the JOBS act better qualifies to startups due to (a) startups dont require that much capital at first; and (b) aside from angel investors, its the only option they have given their risk profile.

Also - you'll notice we opened up that wall on the left, which was a HUGE undertaking that blew my budget by $5k alone (there were 2 load bearing walls right there.

Being $ 250/month off on the budget is a lot, no matter how much the rent is.

I'm a new owner and trying to come up with budget on what I should fix now or put on the back burners.The building is newly painted but the front and backyard is nothing but dirt.I need a new roof, 2 2 car gargage doors( right now the garage are used as storage and not parking) and the laundry area has only a washer.(4 unit building) I need a new roof which cost 20k or to repair the roof will cost me 4k.

They say they have a bunch of appeals to work through but really it is a stall tactic to take high property tax fees today of their struggling budgets interest free and then pay out later when the economy and their tax base is stronger.

Originally posted by J Scott: Originally posted by Shaun Reilly: I actually had the costs for holding/selling a bit higher assuming use of hard money (Which for a project that size I would use) so my $330K buy price only had the profit about $6K higher assuming that $35K budget.

If I end up having to go at full asking price of $89k, a 50K renovation budget would bring total cost to 140k, which I think is the max I'd be willing to go.

You can get the projects turned around fast and under budget...So, it's actually the cheapest way to scale your business.

On the $500 annual repairs....even renovated properties have unexpected repairs so you will still need to budget for it!