UMB BioParkUMB Community Engagement CenterCharles Village/Charles SouthNeighborhood OverviewGreysteel ReportBolton Hill/Reservoir HillInnovation DistrictHampdenHarlem Park/Sandtown-WinchesterAverage renovated value, After Renovation Value, or "ARV" = ~$200kAverage renovation costs of around $50kHard money lender will lend at ~70% of ARV, or $140kPurchase price of up to $125k, total costs $175k ($125 PP + $50 reno)Equity required per investment: $175-$140k= $35kRefi proceeds = $200k refi at 80% = $160kNet refi proceeds = $160k-$140k hard money loan repay = $20kEquity after refi = $15kPotential income from property:Gross Rent: $3,000/mo, $36k/yearExpenses, $1,000/mo, $12k/yearNet Operating Income (NOI) $28k/yearLoan Exp** $850/mo, $11,000Net Cash Flow: $17,000Return on Equity 113%, 1.13x multiple**Assumes the loan at 80% LTV per above, $160k, on a 30 year amortization with a 10 year term.

Beyond that, it is a parallel effort of making sure you can take down the deal: read capital... read: access to equity and debt, and execute on the deal: interview and engage property management.  

Engage with their posts 5.

My family members have decent wages and a lot of cash sitting around, that is why they want to invest along side with me. 

Both have their pros and cons but the the rules of engagement are different not to mention price point!

Partner with an experienced investor in your area (humble yourself, listen and learn alongside perhaps invest with them)2.

For me, I had several cracks in my concrete foundation and the sidewalk running alongside the house was several inches above the foundation, so water was pouring in through the brick and over the top of the foundation.One company suggested running tarp (there's a fancier term) along the inside of the problem walls, then drainage tiles to a sump pump. 

If you don't, he'll focus on the projects where the owner is more engaged and where he has a Scope of Work in place.  

I am glad you’re here, to learn alongside these awesome people using context from your market and data analysis.

However I'm not looking to engage in dealflow on this thread.