You would usually need to have some money of you own in the deal.. usually 20% of the purchase price and the closing costs.So on your deal with an ARV of $300,000 they would be a combined loan amount of $195,000 including purchase and rehab costs.    

I want to appeal to the young professionals that are looking for a short commute to work/downtown amenities without the sky high rents so we will sit somewhere between the few remaining rundown properties (where ours currently could be categorized) and the modern downtown units.

. $101K combined equity! 

My broker does mid-century modern rehabs, new construction and consulting in Palm Springs and San Diego (focused mainly on the Point Loma area) and we find that having top quality installs is key but basing the cost of the project on what is selling in the area.

A Fully updated and modernized space always brings in far more money than an old space that has some select updates applied to it.

So not exactly a new member, but it's been so long since I've used BP that I feel I've got to reintroduce myself.Back in April a combination of not finding any great deals, not knowing how I would get the money if I found one and getting extremely busy at work knocked me on a course for a while.In August, I'll be starting as a pre-doctoral fellow in the biology department of The University of Tulsa.

You can see where this could also get out of hand in any community if the wrong group gets elected and combined with some over the top inspectors, they go hog wild with this, you could end up with half the homes in a city being nearly unsellable.

Rather use the numbers combined with area knowledge to know if the deal is good.

One of our financial goals is to invest in real estate that will provide good cash flow in the future so we are not totally dependent on our current combined income.

This is a combination of a C Corporation, Profit Sharing Plan and Employee Stock Option Purchase that allows you to use that tax-sheltered retirement savings to capitalize a business in which you can be directly involved and draw a salary.