For example, if lite rehab is needed estimate X per square foot (i.e. maybe paint, carpet, small touch ups and improvements).  

What would you do next time to improve your business model?

This will allow you to get a realistic understanding of what you can/can’t afford and a baseline for what you need to do to improve you position and any additional capital to save.  2) Lenders will request the below preliminary information.Name of entity (organizational chart if applicable)Personal Financial Statement (PFS)Schedule of Real Estate Owned for each borrower/guarantor (SREO)Resume/Bio for each borrower/guarantor, if applicableBank statements for verification of depositsLast 2-3 years of tax returnsI recommend using a mortgage broker in your area that is able to connect you with top commercial lenders to get you multiple competitive offers.

Improve management, improve the assets, increase rents inline with market rates, but with tenant retention in mind, as well.

These subcomponents could be anything from HVAC systems to light fixtures or flooring and exterior improvements.

If I had no properties and 300k I would look to BRRR locally no matter the size as if you can keep getting your money out and reusing it you can build quickly versus saying using the 300k as a downpayment on a 1.5 million dollar 24 unit that your money will need to sit in. 

Cash back gives you flexibility to spend it how you see fit, versus being locked into mileage and block out restrictions. 

I invest to replace income, build generational wealth, creating an income funnel, and improve the community around meI like the search and the hunt, acquire a great property, and turning it to something great that no one saw otherwiseIP I look for a deal that makes sense that has a good tenant class, good appreciation, and solid returns (8/10% cash/cash)An agent has to have very good market knowledge, understand the local geographical attributes, and has a good relationship with their network

Fully rehabbing the upstairs kitchen, bathroom, and living rooms with medium-to-high-end furnishings (to fit the area and future tenants), and basement will have smaller quality-of-life improvements.

Hi @Luke EdwardsThe interest rate doesn’t really improve for a VA loan if you put more than 0 down.