It worked well because it was a rental they were renting for someone else, when the land lor decided to sell I didn't want them to move so I bought it.

@Amani Abdel-Dayem  wholesaling seems to be happening less, people want top dollar so most will sell on the MLS. 

That means the -ve cash flow will be my housing costs. 

Everything else in the area is selling for 440-460k and still needs 40-50k in cosmetic rehabOur client is putting 10% and using an FHA loan.

The only way we can support that is to adjust the selling price to compensate to some degree - spreadsheets are great in seeing what is needed to make us and them happy.Hope this helps .  . 

The insurance company may cover some or all of the restoration costs.Scope of Work and Budget:Detailed Inspection: Get a comprehensive inspection to identify all areas of damage, including hidden issues like electrical, plumbing, and HVAC systems.Cost Estimation: Obtain detailed cost estimates for the restoration or rebuilding process from licensed contractors experienced in fire-damaged properties.Environmental Hazards:Asbestos and Lead Testing: Older properties may contain asbestos or lead, which can become hazardous after a fire.

Your cost of living sucks in NYC so that hurts as well.You say you want financial freedom, but what you really want is time freedom and the only way to get time freedom is through earning money to give you that.

While you could be responsible for part of the cost, you should only be responsible for the worth of the depreciated door. 

Hi Any Industrial Flex space developers who has New Built out space to sell?

Hi Any Industrial Flex space developers who has New Built out space to sell?