I love the red door!

And my cash out refi got me a great deal about 30k under the current market value in a “for sale by owner” transaction that included a tenant already living in there that wants to sign a 3-5 year lease with me at a high rate.

All total, it was $28.5k spent in upgradesComps are hard to come by, but I'm targeting $875k - $890k appraisal, which would put me at ~80% LTV.

I’m discovering this wouldn’t work with such low equity, and I really don’t see there being enough meat on the bone to flip or wholesale.

I have also research hard money lenders and that seems to be the path that is viable for me at the current moment. 

Coverage also depends on the quality of the paint-once I went over a bright red semi gloss with a lighter blue eggshell paint and for most areas, one coat was enough-which shocked me.

I’ve recently been taking this as an “excuse” to not proceed with real estate investing... like “the time will come” or something.But then today I checked their yelp and saw a 1-star and 1 review saying their lack of answering should have been a red flag before proceeding.Now I know it wasn’t the universe telling me to wait but really it was them...

I've considered getting my real estate license to get the data myself but the cost to upkeep the license is a bit pricey for me at this point.

Please explain in great details if you some of you have made that cross over, can it be done at any time or do you need the play the "rich dad poor dad" monopoly 4 green houses then trade up for the red hotel?

Well, my answer about the color would be "red" or "brown" or "yellow," because of the brick, you see...Vince, if you and other like you keep on ignoring the "real" in "real estate," and focus on financial metrics in the uninterrogated belief that House A is just as good an investment as House B as long as the numbers are roughly similar (and maybe the property inspector you hire doesn't loudly tell you not to buy it), you're going to bleed money in the long run.