It took us around 20 months to turn this property around.

Welcome to BP Jamie.Professional photos and drone footage will help to set you up for success!

The fees were really what held up this deal. 

During this, we've made some friends with folks who, rather than allow us to rent their unit, would prefer that we manage their property for a fee.

*This post does not create a CPA-Client relationship.

This is a very important document to have for any real estate agent when you are starting out.

@Nicholas L.Thank you for the helpful advice, in your opinion what type of repairs/work would be considered major rehabbing? 

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

Looking to network in the Cincinnati area this weekend with anyone who is flipping.

Anyone have ideas how to get around this?