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8 January 2025 | 10 replies
Also, the ability to find good deals with an accurate budget to complete the project up front from some good project managers/general contractors.
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10 January 2025 | 28 replies
That would set you up and make it easier to scale to another or larger project.
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8 January 2025 | 2 replies
Are you working on any projects or targeting anything specific?
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7 January 2025 | 4 replies
Hi, any fix and flippers in here picking up at least 1 project a month?
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16 January 2025 | 6 replies
Or take the proceeds and do the next project.
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17 January 2025 | 37 replies
Many who started out as Novice beginners with fix and flips and now do large new construction and Multi family projects.
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15 January 2025 | 12 replies
The 7 isles project hasn't even started.
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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6 January 2025 | 2 replies
Making sure that everyone is on the same page.And yes, starting big projects early does make a difference!
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15 January 2025 | 18 replies
Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.