It's a similar concept to owners who do 1031 exchanges and then over pay to avoid taxes.

I bought an 11 year old house, with tile bathrooms, 9 foot ceiling, open concept, and mountain views, with a 1 bedroom suite for $255,000.

Monthly Livable Income To Achieve: $3500 a month ( I have the long term goal in mind, but trying to figure out the short-term to bridge the gap between the two concepts)Given I am a beginner with limited means then I at least want to learn to analyze deals, but that gives me the challenges as I will list my questions below to address that.Questions:Provided with these variables in my present state of affairs I have the following questions: 1.

I know that a lot of expenses can be written off if I start out as a business (probably an LLC), not to mention the whole "pay yourself first" concept.

I will take your concepts and attempt to intermix them in.

For land, it’s a little easier; all the vacant infill lots in 85250.Properties associated with back tax, foreclosure, divorce, estate, obituary or any other "lead-type" concepts bring you as the buyer into an asset category that is associated with all kinds of reasons why these problematic transactions will not yield the results you are looking for (they are un-purchasable and send you down a rabbit hole).

We didn't add any sf, but we did convert it into a 3 bedroom, 2 bathroom, with a huge master suite and master closet, and a huge open concept living/dining/kitchen area.

., certainly, you proved once again that there was nothing ever wrong with the "concept", but like hundreds of VA post-purchase Threads before this one, I've never seen any first-off VA Loan be used to buy an actual bargain!

It was for sale for $700k just a few months ago (still cheap) and although, yes, the rehab will be massive and expensive, I love the idea of and concepts found in commercial investing and I feel this could be a great opportunity (you never know if you don't look).

So fast forward to today and how do we do BRRR which as some think is a new concept but not really is quite an old concept.Well you pay cash then refi and pull all your cash out.To do this in todays market one needs to build their team.Find your short term lender usually HML who will team with a flipper or turnkey company.. now not every lender will do this .. ( I know I specialized in it and I was the driver creating the teams. ) but it can be done.