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you might wana give Jesus a try

Max Selling Price $160,000
Acquisition Cost 2: $110,000
Repairs (estimated) : - $15,000 (Roof, Paint, Lawn, ETC, Ill get more info tom.)
Four month Average. Hold Cost : $4384 (125,000@%10.00 interest rate)
Min Profit (15%) : $30,000 (give or take)
Misc expenses (5%) : $-1,500 (anything else)
Cost to Sell (5%) 3: (What? $4000 or $5,000 for realtor?)
Max Purchase Price : $130884
My max price came from comps search that yeilded $200,000 avg sale price in this zipcode. I figure this is very conservative estimate.?
Granted i am new to RE, if the numbers are acurate should i go for this? Or hand it to someone else until i can learn more? Thanks minna

i duno. Im just saying if it had a little cleaning up it would rent easy. Maybe flip huge profit. Two nice new houses in the perfect spot in town why wouldnt it.

I am a new birddog but i read the birddog 101 article and have it memorized. I found this lot with two almost identical houses next to each other. I think they would be NOT be classified as a rehab but they are kinda shabby, i cant see inside. The houses are in the perfect location east end rich side of town, seriously. This is what i got so far:
Max Selling Price 1: N/A (Cash Flow)
Acquisition Cost 2: - 1000
Repairs (estimated) : - 1000(cant see inside)
Four month Average. Hold Cost : -(not a rehab)
Min Profit (15%) : - N/A monthly cash flow?
Misc expenses (5%) : -1500 (paint, bushes, etc)
Cost to Sell (5%) 3: - N/A cash flow
Max Purchase Price :
Additional (Not covered by loan) expenses : N/A
It would be the ideal cash flow investment. I mean they would need a little cleaning up but not a rehab. So i want to put an option on this i would go contact the owner or the realtor? Draw up a contract then pay'em so much a month to keep the option valid and then advertise the property? Should i try and make some rehab contacts?
Thanks-(Im new)

try 15 acers for 15million. Thats expensive andits right next to where i live. It a perfect location thought.

I would like to buy a small house when i transfer to my new college. EKU in the richmond kentucky area. Ill be 21 and im trying to save a down payment on a house no greater than $80,000. Then try and rent it out kepping the difference while living in the dorm. Is this feasible? Assuming i can get a mortgage. How would i determine how much the rent would be, i cant find a formula or anything on here. Thanks :groovy:

My name is jonathan and i am 21 years old. I have been interested in RE and the Stock Market ever since i can remember. I read all i can and read it again since i dont have any money to work with (yet). So if any of you have any RE books you wana get rid of PM me. Im trying to learn everything i can will saving my money. Im interested in Raw land or development. I was reading this book and it gave an example of making your property (raw land) more vauluable was to get it zoned. Where to you go to get it zoned? The court house? Where do you go to see who owns the title to a certain piece of land. Got any good property search engines? Do you all pay the money for MLS?

Are you bidding on a website? Court House? Where do you go to bid on these sales?
THanks Jonathan

This was my first post! Yes!