I would think you need to some serious landscaping to get the land pitched away from your house or install some trench drains to control the amount of water getting to your house.Adding concrete or building the house up 24" seems like it would be way too expensive to expect a decent

What are you opinión of this deal: bought home for 410k, fha with 6% seller concession.The home is a live and flip deal. 4bed, 1 bathroom. 1500Sq ft cape, roof is mid life, no foundation issues, no oil tank issue, no furnace issues Renov 48k ( on a personal loan) ( New kitchen, second bathroom, landscaping, fencing, repair existing bathroom, New flooring, paint the inside, replace two window, repair deck, putca couplecof gutters,, update electrical panel, New major appliances)With the current market in my area ARV 560K (iam in upstate ny) Should I keep for 2yrs or refinance and rent this out?

@Andy DanielsThanks for the tips!

Owning properties and making a steady cash flow to be able to have my money work for me has been a massive goal of mine and I have to start somewhere and am looking for tips, ideas, really anything that could help me start this process!

One valuable tip I’ve already realized is the higher-than-expected property tax on investment properties in the Indianapolis area, referenced by @Victor Tatyanin in a recent post (I was quite disappointed by this, but of course this is vitally important information!)

I am aware i have to but in a HOA that will allow leasing but other then that, anyone have any use tips i can take into consideration during this process

There's a history of flooding because of the wall foundation and the back & front lack of proper landscaping. 

Does anyone have tips on securing hard money?

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

So I’ve gotten some tips that I need to save up more before buying my first property as I only have about $6k and my job alone would take a while to get where I want financially before investing.