Navigating this situation requires careful consideration.

im a contractor, carpenter and welder by trade. ive been working on distressed homes and commercial properties for about 15 years. worked my way from garbage laborer to superintendent on multiple 60-80 unit buildings in albany anf surrpunding cities for a real estate company. ive been on my own for thr last 3 years working as a GC for other investors on fix and flips and im ready to complete some deals on my own with my skills and experience.i have a family home that i grew up in and its been in rough and distressed condition since i can remember. i am going to take on the renovations and get it up to snuff and will need a ton of work. im ready and able and aware or what it will take and im ready to go. i dont have many mentors so most of this is on me with my own youtubing and bigger pockets knowledge, other than that its gonna be help from friends and family. looking for advice on the project and i can give more details, this is my first time posting or discussing about it. any advice, opinions, info from some seasoned veterans would be extremely beneficial. either way looking forward to putting my passion and confidence in a family home thats been abandoned since ive lived there when i moved out at 17. prob will make some mistakes but im ready to learn lessons and gain wisdom through my first one on my own and keep it going as long as i can with other distressed properties in the area and beyond

(looking around in the MS area to buy a property that needs some rehab and a motivated Seller)Key Aspects on location: Large universities / Hospital System / Crime / Retail situation in the nearby area.A little direction to how some of you have started analyzing deals and targeting your markets would be very helpful as my next goal is to start analyzing at least 3/4 properties a week.Would like to connect with many of you and let me know how I can help with any questions in regards to Commercial Real Estate. 

BFH, sawzall, portable table saw, 12" compound sliding chop saw. wet tile saw, multiple drills, pry bars, portable compressor, Every imaginable small hand tool.

Hello All,I currently just closed on my first BRRRR/rental property today and I'm trying to get everything situated as quickly as possible to get rehab under way (I don't want to hold a balance on my HELOC for very long!).

Because they want to make sure and maybe they already have their new property under contract and cant afford to have you not perform.In a situation like this you have to find ways to convince them that you really can and will close.

Ideally, the properties main use would be STR, but I love multiple exit strategies. 

The percent is an honor situation they pay you the percent on how much they sold. 

I wanted your thoughts on my situation and mainly if I have to put my condo property in a LLC. 

However, real estate decisions are complex and depend on various factors, so it's important to consider multiple aspects before making a decision.