Covid 19 was a challenge, simply for a supply issue.

Covid 19 was a challenge, simply for a supply issue.

Very lucritive and making a comeback as affordable housing in Johnson County, KS has once again been in short supply.

Although for that much work, you could just buy from supply houses and save more anyways.

For many legislators, the term "flipping" is viewed negatively thanks to HGTV and other real estate reality TV, but improving properties creates jobs, employs local contractors, generates revenue for the local building supply industry, brings up property values and thereby property taxes, which helps local government and schools and of course, builds wealth for individuals who invest in our communities.

When rehab is completed and the property more likely to obtain favorable bank financing, the IRA could convert some of the initial loan to equity and then the IRA and partner could seek a bank loan, but it would have to be non-recourse with respect to the IRA.Some banks will do a loan with a personal guarantee from only one of two partners, but that is not common.I suggest you and your partner engage an attorney to craft a way to work together. 

The supply is constrained by difficulties in zoning, regulations and other impediments to building new housing stock. 

- like for these under $50 home depot runs, supplies/tools that I buy on facebook marketplace/craigslist, or mileage runs that I don't have documentation for.

*Adding high efficiency water heater & furnace so we didn't have a chase in the kitchen *Custom bar and hand crafted bar top in the basement - we could have gone with something pre-made or not have done a bar down there at all - just a cool feature we added cause it added value/storage to the space  *Upgraded plank flooring in the basement - it had a water proof sealant and was about $2+ more per sq foot than the cheaper stuff *Demoed walls that would have closed off the kitchen - requiring electrical movement *Added a sprinkler system/new sod - we had a sewer pipe we replaced in the yard, so instead of just patching up what we had to, we made the backyard brand new Again, we did make a profit so in no way was this a sour deal for us, just added a lot of really unique personal touches as well as going the extra mile in certain areas.  

When our supply is limited to our surrounding area, we pay more.