, do not forget you will be prolonging the sale for the 2-3 months it takes to build it and you will have mortgage payments and taxes to figure in holding costs for those months, which take away from that profit. best to get all your numbers and find out if the expenses are worth the return.

If the tenant holds to the lease, you could have a serious situation on your hands.

My question is how would i go about financing either a flip or buy and hold in this market as an inexperienced 21yr old who has little chance of getting a loan from a bank or private lendor?

I estimated the half and full bathrooms around the same pricing because the half bathroom also holds the washer dryer area and those need to be replaced and renovated.

Since 20 days notice is required, the next foreclosure date will be the first Tuesday of the month following the expiration of 20 days (foreclosures in Texas are all carried out the first Tuesday of every month).The trustee will charge for this service, which includes notification, by both regular and certified mail to the borrower, filing of notice of intent to foreclose with the County, and holding the trustee sale (auction) on the prescribed date.

If the credit cards or 0% interest, then your plan could work, assuming you don't hold a balance past the interest-free period.

Good afternoon fellow investors,My name is Mike i am a local Buy and hold investor looking to aquire 1-2 additional properties in the next 12 months. below is the criteria of the type of properties i am searching for.- 5-20 unit multi-family apartment buildings- C- to B class areas (no war zones)-  off street parking-  distressed or turn key- all of RI and Eastern MAPlease contact me anytimeI also look to network with other local investors and enjoy bringing value to others.

If your plan is to buy and hold property, use an investor friendly agent that you can connect with.

I am hoping to house hack first then go more into buy and hold or BRRRR...still undecided.

Be aware that LLC's for flips are usually setup differently than for buy and holds... so, when you come to that point make sure you get the right advice for the scenario...