Our budget is around 250k don't really want to spend anything over that.

At the very least, you are going to need some sort of marketing budget to generate leads for buyers and sellers.If you're going to wholesale and do double closings or assignable contracts, you at least need a good assignable contract and a list of investors to assign your deals to.

What is your budget?  

I’ve spent the last few months reading books, analyzing my market, watching trends, creating spreadsheets, mock budgets, estimating financials, doing calculations, designing rooms via SketchUp Pro, networking with suppliers, and vetting hard money lenders.

Another pitfall would be not doing a proper home inspection and improper budgeting based on that.    

Based on your monthly expenses to your income you will get a good understanding and it will help you focus on homes within your known budget.

Personally, I like to see 6 months of mortgage payments in reserve One thing you have going for you is that you have good income and if you are renting out the other side, you should be able to build up your reserves if you are good at budgeting and managing your money.

House is on Cape Cod, MA and bead board is a popular product around here.Other than that I haven't thought much about what I can add for a nice budget friendly feature and I'm looking for any ideas.Thanks for any suggestions

I was always fascinated by seeing something being made possible from just an idea on paper.I am hoping this website will provide me with a wealth of invaluable information and advice as I work to be a real estate investor.My very first project (which I'm still in the planning stages of) is my first home which I will use as my springboard/dive in to real estate investing and construction: I am hoping to buy a house in its foreclosure/short sale stage or a fairly run down property and subsequently "remodel" (but really rebuild) from ground up.My budget is tight and could be bordering unrealistic for the type of house I want and the neighborhood I'm looking at, but I don't give up too easily and believe that if I ask enough people enough questions, I can just about make it :)Anyway, that's me!

Hey BP, This is a "One Thing" type question that I'm asking to help me focus my efforts on only the most effective actions.I do bandit signs, door knocking and cold calling....Is there anyone who has found success with a small starting budget that can share what activities they found to be the best use of their time, in terms of deal generation?