In a traditional Real Estate market adding to a property will not increase the value enough in the short run to cover the cost of the improvement.

I’ve worked with my GC on several deals and he has approached me about wanting to work together. Essentially it would work something like this…1) My LLC purchases the property 2) He will only charge me COST on the lab...

I have been licensed since 1975  I have wholesaled I cant tell you how many properties well over 1000 that's for sure.But you have to define wholesalingMy definition is I buy them close on them  then usually do something to improve them sometimes not and then I resell them.If your definition of wholesaling is to simply make larger fee's than a normal brokerage commission ..

.): $100/moRemaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)Cash to invest to start: $0 (all cash has gone toward the high-interest loanFuture salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time.

Not sure how you’re underwriting but whatever you do, don’t count on ANY improvement in the oil economy going forward.

Hello BP community,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold investments. 

.): $100/mo- Remaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)- Cash to invest to start: $0 (all cash has gone toward the high-interest loan- Future salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time. 

Therefore, I would not try to get a license whether it’s a real estate agent or a contractor or an appraiser, etc. i’d be investing a few hundred thousand dollars in either a joint venture or syndication.

This way you get to keep your place for which you know the history of last 15 years plus you enjoy all the improvements you did in that property. 

County (delays and red tape - though you can of course not have to deal with this for most improvements)-Prices are very high-Tenant-friendly state - it takes much longer to evictPros:-Tenants tend to stay longer-Property taxes are low VS purchase price-You can quickly fill a rental as demand is there - no matter what the asset class is-Utility companies are super helpful.