100 year old and if you think $50k will get work done, double that cost. 

I would also research closing cost and down payment assistance options, the more equity in the house you want to purchase, the more likely the bank is to approve you.

For those interested in seeing an expansion of the ADU ordinance citywide, consider signing the petition in the link above as this initiative seems to be gaining some steam in city council with a new proposed ordinance.

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

Adding additional assets, a familiar market, buying a house "for free" as I call it, and gaining experience with lower level of risk How did you find this deal and how did you negotiate it?

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

How much would it cost for material and labor for a 985 square-foot house?

If you have any other questions, feel free to connect!

That's all it takes and you'll learn along the way.There are plenty of books and free information on this website to help you along the way.

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