How did you decide on a fair purchase price looking forward a year of two?

Congrats on your purchase and on getting started in MTRs!

I purchased it as a single family with a VA loan and used the BRRR strategy.

My partner didn't have good credit at the time of purchase so her income isn't a factor for the HELOC because she isn't on the mortgage or the deed. 

High purchase prices, need to choose right areas within a market.

Purchase price: $93,000 Cash invested: $993 Sale price: $150,220 Contributors: Peter Vekselman Partner Driven, in collaboration with Robbie Vekselman, successfully completed a deal on Springdale Forrest Circle, Gainesville, GA.

I believe the house would resell for $650k, so $650k + $150k = $800k deal value minus $700k purchase leaves about $100k profit in the deal.

Based on the disregarded entity status, I can then change the title to the new LLC, complete the sale of the property and 1031 exchange the property to purchase a new investment property under the LLC.

Purchase price: $155,000 Cash invested: $3,000 Sale price: $180,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Seattle Street, Modesto, CA.

Hey Britney, I have a friend who lives in The Villages (north of Orlando) and you can get a great deal on a home there.