I have 4 doors under my belt that my wife and I have funded on our own through a mix of cash and traditional mortgage.As I have grown in success, many in my network have asked if they could partner with me on a future deal.

Maybe they want a new fan, or a motion detected security light-- show them you aren't just raising rent, but you're actively improving their homes.   

I dont want more furniture bed liNens dishes pots n pans towels light fixtures etcDo you?

Purchase price: $160,000 Sale price: $202,000 My wife and I wanted to explore flipping a property but since we didn't have experience or a background in construction, we decided we will buy a cosmetic flip which is something that will only require simple changes to the property like replacing carpet, paint, recess lights, cabinets, bathroom tiles and a vanity.

Purchase price: $160,000 Sale price: $202,000 My wife and I wanted to explore flipping a property but since we didn't have experience or a background in construction, we decided we will buy a cosmetic flip which is something that will only require simple changes to the property like replacing carpet, paint, recess lights, cabinets, bathroom tiles and a vanity.

If your finding properties that need light rehab and have nice returns, maybe take a shot on it.Remember, if you are going to finance a first flip you can expect to have 20% down + closing costs + money to start the rehab + reserves.

Traditional bank loan for 80%, savings for about 10%, and family loan for the remainder.

Picture lighting!

You will have to reach out to a lot more owners, but that would be a way to get in without a traditional loan. 

Aside from traditional debt coverage (i.e., PITI), we will save each month for CAPEX / MAINT. / VAC. as recommended in the BP calculator.Long term buy / hold strategyAfter Refinance Analysis: (includes CAPEX/MAINT/VAC)NOI = $29,592   COC = 15.9%  Cap Rate = 8.03%  Gross Rent = $3600 month    Expenses = $2710  (includes reserves)Monthly Net Cash Flow = $889   5-YR Annualized = 22.53%BP Community Questions:Is there a more appropriate analysis tool I can use for long term buy / hold new construction?