Or, the same-sized house sells for different amounts of money in different parts of town - see if you can figure out why that is.Good luck!

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!

If you still need a non conglomerate PM company, send me a personal message. 

I have already completed one out of state BRRRR, have my 2nd (wholesale deal) under contract and searching for a third with private money. 

It’s not even quite in place yet but they sold it to some poor lady for some ridiculous amount of money.

That money is at risk if you don't actually complete the purchase. 

Many of my neighbors rent their entire houses and horse facilities out on a month to month basis, and they tell me they make a ton of money. 

Having a trusted person or family member generally sounds good for starters buy because of that relationship you might get into the issue of late payments.

@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there.