Purchase price: $400,000 Cash invested: $80,000 Sale price: $625,000 SFH Flip in Burien

Gotta long way to go.

They want to start out wholesaling in their spare time to build capital to buy long term rentals. 

Most are saying I need to be looking at $150k or more but after 15-20% down plus closing I won’t have as much breathing room as I’d like.Are others just buying the $75k deals with all cash?

Use Private money to acquire and then refi into long term debt

Cash invested: $440,000 Contributors: Jess Haas Development Type: 3 bed 2.5 Bath "Haas Model" DADU w/ detached garage, new construction.Strategy: Condoize & Hold

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breakeven while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Purchase price: $315,000 Cash invested: $102,000 Contributors: Jess Haas Rental Type: SFH gut Remodel, with future development potentialCondition @ Purchase: Heavy FixerStrategy: Reno + Hold & develop 1-2 additional units in next few years

None of it worked-Cannot take photos of the bathroom since I am a long ways away.