@Kristi PrattTo make smart real estate choices, think about rising rates, cash-out refis, and slow pay growth.

Turns out inexpensive kitchen updates pay off big time when you sell your home, with homeowners recouping an average of 85% of their investment.6 updates you can make to your kitchen without renovatingDid you know that a minor kitchen renovation project costs around $22,000 and a major kitchen remodel can set homeowners back $65,000?

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

If you have more money than time, pay someone.

A cookie cutter first deal looks like:Purchase: 65k - 90kRehab: 50k - 75kARV = Project Cost/.7Neighborhood: B or betterRehab type: cosmeticAvg Days on Market in zip code: 30 or lessThat's an example of a very safe deal for a lender to fund for a newbie.For a 0 experience expect to pay 11.5%+ in interest.Keep in mind the cost of a project's lifecycle. 

I used to do junk removal and demolition for these kinds of companies and saw all the worst case scenarios in columbus from tenants that can pay $800 per month. check the vetting requirements, raise the price to get into your unit. 900 per month is cheap in columbus if you are buying c class make sure to take a little more like 2 months rent so the people moving in aren't scraping by

For the full appraised value or just enough to pay back the small note+renovation costs?  

If you're going to manage a GC, make sure to meet them in person and avoid paying for the entire job upfront (typically for smaller jobs, you will pay half upfront, and half at the end). 

Aside from the fact that I control my money and don’t pay fees for using it - I also avoid UDFI tax which is triggered by UBIT in syndicated deals.  

This includes keeping detailed records of all transactions.Mortgage Payments:Handling Income: The LLC can pay the rent for the use of the rental space, which I can then use to help pay off the mortgage.