Purchased on 4/19/2024 for $20,000, we invested $45,000 in strategic renovations to transform the property.

I was thinking about getting the property, renovating it, and then cashing out 80% of the ARV to get some of the money back.

Hey @Brendan Lim, what is your projected 5-year IRR (or Equity Multiple) on this investment? 

This was the strategy I used for my last BRRRR project.

Others recommend tools like Stessa or Buildium to track actual costs and project future expenses. 

The one's I prefer handle everything in house, from purchasing the home, renovating it, renting it, then selling to an investor then managing for them on the back end.

Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days.

I like this option better than a Wrap because for me its just easier to understand and navigate, especially if lender calls the loan.With all this being said...I am just looking for those that have direct experience with using Lease to own to get into Multifamily and Apartment building type projects.

With your background as an electrician, contractor, and project manager, you have a unique advantage in real estate.

Where we fit into the "turnkey" model is that our marketplace specifically focuses on newly built properties or renovated homes in good markets with property management in place so you are not having to try to self manage from a distance or build a team on your own.