Purchase price: $38,000 Cash invested: $25,000 2 story 3 on 1-1/2 with an unfinished basement and 2 car garage.

You will likely pay less than half the addition cost, be able to obtain convention f/f financing, will not have to do the work, will not have to deal with a construction zone, will not have cash outlay months before first associated income, etc.  

So, here at the 6 month check in, here are the things I've been doing since January 2024: *Anchored everything to my WHY, including the motivations and long-term strategy *Joined a local REI group hosted by my church*Researched tax lien investing in Harford County, MD and decided to not play in that space this year*Read a few REI books (Rich Dad Poor Dad, One Rental At A Time, Building Wealth One House at a Time, Wealth Without Cash, Building Real Estate Wealth in a Changing Market)*Subscribed to a bunch of good YouTube channels (BP, ORAAT, Ken McElroy, Coach Carson...)

Purchase price: $35,000 Cash invested: $20,000 Sale price: $95,000 Fix and Flip, Purchased from a neighbor that bought it from an older couple that could not take care of the home or themselves anymore.

If you're positively cash flowing with a prospective property, don't wait.

The RGV itself has several great investments and worth investing here for multi family.I recently sold a 18 unit a month ago and my same investor is purchasing another 36 unit from me and after funding he'll be picking up another 38 from us, this gives you an idea of opportunity in the area. 

The initial $100k negative would consume many months/years of cash flow.  

I predominately work with out of state investors looking for cash flowing rental property in our market. 

I'm wondering, is it worth it?

If not, then this is a big barrier to overcome. 121 of the 612 sales were cash.