Wholesaling formula is 70% of after repair value minus repairs minus your feeYou might consider doing a joint venture with the seller where you buy subject to the existing financing, use private money for the repairs, give them a note for their equity after you subtract real estate commissions and closing costs repairs and your fee of 10,000

Yes, that's part of our "taking possession" checklist when we close on a new property with existing holding tanks.Because energy efficiency is part of our {self-imposed} mandate we frequently experiment with new ideas during major retrofits (hence the solar thermal DHW with in-line heaters for the final lift).  

I can't express how appreciative I am that a platform like this exists.

Los Angeles $70 sq ft for rehabbing existing space.

Once confident in what you really want, how to get there, understand the risks vs. rewards, have multiple exit strategies, then take action.  

Forget about grants, they practically do not exist for investing.Once you have some basic knowledge of how it all works and start getting to know people who are doing what you understand and decide for yourself that you want to do, then you are ready to start. 

The long term strategy is based on buy and hold, but will flip existing property when it makes sense.

Conceivably, these siblings would either list and sell the asset to your investor (for which you receive commission #1) or you bring in a developer/syndicator.In the second scenario, siblings would partner up and contribute their equity into the formal or informal partnership and the developer/syndicator would bring experience (successful track record), and other resources including builders, design architects, engineers, and entitlement experts for zoning and building approval, depending in the scale of the project.A third choice exists whereby siblings attempt development themselves.

Have you checked with your insurance agent about landlord liability with a pool existing on the property?

It proved to them the market existed.