Consider consulting a CPA and attorney to address tax implications, liability, and ensure proper documentation for your multifamily investment partnership.

Do you have experience “flipping” or managing rehabs, or hands-on?

Direct mail to this address for 8 months.

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.

You cannot deduct your rehab costs until the property is in service. 

I put $20k into rehab and have had it listed for 50 days at $235k. 

We do not use the credit score, we use the information on the credit report to gauge how long they have lived at addresses and what kind of judgements they have.

My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.

All and any of our questions moving forward were addressed via email.

And lets say you then rehab it only to find out there is bad title and you make a title claim.. if there is no loan on it your only going to get 50k from title insurance and you will lose the 50k you paid for the assignment and any money you put into rehab.