Total cost including acquisition price of $2.35m.I believe we will be able to create a total of 20-30 units in this building. 

Why would I refinance and pay around $15k in costs just so that I can get a HELOC with them.

The 70% rule is a common guideline the rule of thumb is to never pay more than 70% of the after-repair value minus repair costs

wholesaling is difficult, and the best wholesalers spend tens of thousands of dollars on marketing to generate large numbers of leads, because so few leads are actually going to close.i did a little bit and we'd convert about 1 out of 80 leads.now, do you need a huge marketing budget? 

If you're not currently listening to books educating yourself, I'd start today.A few I'd highly recommend...Buy, Rehab, Rent, Refinance, Repeat - The BRRRR Rental Property Investment Strategy Made SimpleFLIP - How to Find, Fix, and Sell Houses for ProfitThe Book on Flipping Houses How to Buy, Rehab, and Resell Residential PropertiesThis book is not currently available on Audible but a must readThe Book on Estimating Rehab Costs - J Scott

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Hi, I'm ready to get started with investing in RE.Please share what you found to be the most cost-effective way to register an LLC. 

It's hard for the PM to make their costs if they can't charge half the first month's rent, and charging half of the first month's rent won't work for the tenant landlord if each rental is only 3 months long.

Early on, I think people should be more conservative and establish a base (HYSA) and then regular (weekly or monthly) automated investments in low cost index funds. 

The rate buydown is simply a part of your closing costs, so if you work a 2% seller concession into your contract and want to consider that the 'seller-paid buydown' then that's up to you.o Rate floor: You are going to eventually hit a rate floor with any loan program, or a point where you cannot buy the rate down any further.