S&P has lifetime return of ~10% and a recent long term return of ~12%.  

If all goes well we know we got a great deal on this home with an extra building and will turn it into a great portfolio starter for the long term! 

Continuous improvement is key to long-term success.Please feel free to DM me if you want to discuss further and potentially get your investing started!

I see so many people flipping houses while contracting out all of the work and making decent profits, even when financing the deal. 

Bret -For Long Term Rental, which I am assuming your Garage would be, you can take depreciation expense against the total cost of the rented portion including the construction/conversion.Thanks.

I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

If I find a seller I will be very shrewd and let them know what I am doing, in terms of money I am going to make of the contract.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.