Looking to begin doing more with our money.

Just my 2 centsTo answer the question if it’s a tear down you need to understand the comps In That area and the cost to remove the existing and rebuild - where many go wrong with rebuilds is they assume best case construction and holding times and time is money especially if using a construction loan.

Wholesale should never be done with a listed property unless you give 100% full disclosure up front so the agent and seller knows you have no real money no real means to close unless you can find a buyer etc etc.. but of course here we are talking about this and poor wholesaler cant get deals LOL

Otherwise, it will qualify for 80% which is still a great tax savings/deferral.

Between our equity in properties and money in savings I believe we could comfortably acquire two to three more houses, we just need to have a conversation about risk tolerance I guess.

Quote from @Michael Smythe: @Jay Hinrichs you might find this story interesting.https://www.freep.com/story/money/business/michigan/2024/05/...Someone's gotta start the long road back! 

It is all about if it will helps the sale, in price or time it will sit on the market  which it ultimately comes down to money because of holding costs. 

I have mentioned a few times on BP For all these folks trying to bust into the business but need to make money this is a great way to learn details and make cash without having to spend much if any money other than a computer scanner printer phone. 

I just think Columbus has been buzzy for a long time so a lot of new investors choose it for the wrong reasons.Like, you can still make money in Austin, but you missed the big money and now it's much harder.

Does it need to go in a BUSINESS savings account or can it go into a PERSONAL savings account?