Purchase price: $36,000 Cash invested: $10,000 Sale price: $90,000 2 Unit rental both with one bath and 1 full bedroom 1 walkthrough bedroom.

@Gulshan D.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Do you know how to determine reno cost?

Hi there,I purchased an investment property a few years ago and the current tenants are interested in purchasing it.

Same thing with your HELOC, if it's a $0 payment, it's a $0 impact.Not discouraging the purchase by any means, but food for thought: "There's no free lunch" if you're getting a below market rate from the builder that's getting paid for in the purchase price.

I come from the Poconos, PA market and have helped at least 30 clients coordinate hot tub installs in the last year.Q1 Opinion*: Typically when underwriting property for buyer and mgmt clients, I'd give them a round number of $10k to assume for hot tub purchase / install / permits /foundation /electrical.

I'm in the process of purchasing my first investment property.

A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can't afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland.

Purchase price: $65,000 Cash invested: $235,000 Construction of a single family residence (SFR).

I would have an expert look at it to determine if this was due to dirty filters or just a general mechanical failure.