Factor in about 10% of the sale price to go towards closing costs (transfer taxes, commissions, attorney fee, etc) and miscellaneous expenses and you're at $625K so far - this is NOT including demolition costs, holding costs (taxes, utilities, insurance, management, etc), architectural drawings, surveys, building department filing fees, etc.That said, you may also want to consider the costs and potential benefits of adding sq ft. to the existing home and/or updating the home to potentially boost your sale price.All the best!

I have not used them but it is plan D for me when I get my first deal as time is usually the primary concern for motivated sellers and like you I may get some great deals that don't fit the buy and hold portfolio I am trying to build.

If your strategy is buy-and-hold with long-term appreciation and eventual cash flow, you'll be alright.

We are looking to purchase our first property this year, specifically a SF/MTF buy & hold in the Cedar Rapids or Iowa City area.

Example of this is I had someone get a loan under agreement and sent me a link to a website about statute of limitations without any contest telling me a loan is not recoverable.

However, if you already own a note secured by a vacant property, AHP Servicing and Activist Legal can help you execute the preREO strategy on the note(s) you already hold and want to keep.

You want to buy a property, then rehab and hold it for only $991 per month in rent?

This is an asset that will provide income for you for as long as you hold onto it.

I'm a General Contractor looking to netwoork In the greater Birmingham and metro Atlanta area I hold a License in both states.

I did one SF buy and hold deal before joining.