Thanks.Purchase Price (B23) $100,000.00Repairs (B24) $50,000.00Points Charged by Lender 3.00%Points Added to Loan $3,000.00Purchase Closing Costs (@ 2.5%) $2,500.00Out of Pocket (includes closing costs and payment) $7,750.00Holding Costs (Taxes/Insur/Util/HOA/Lawn @ 2.5%) $2,500.00Inspection/Appriasal Fees $600.00Total Invested $165,750.03Total Cash Needed From Lender $153,000.00Hard Money Monthly Payments (16%) $2,031.84Total HML Payments (@ 6 months) $12,191.04Lender Loan to ARV 67%Total Loan Owed Lender $165,191.04After Repair Value (B25) $230,000.00Home Warrant $450.00 Termite Letter $100.00Realtor Fees (@ 6%) $13,800.00Our Closing Costs $1,500.00Their Closing Costs $1,500.00Total Debits at Closing $16,800.00Total Cash Received if Sold Now $213,200.00Total Invested (B41+B49) $177,941.07Total Profit $35,258.93I have the rehab costs at $42,500 however I increased the allowance to $50,000 to cover any unexpected costs.

Furthermore, with a better risk profile, the high transaction costs and compliance aren't warranted.

If you're not passionate about law or medicine (a field that will warrant a large annual income) then it doesn't make sense to spend a ton of money on school.

I include appliances, but it states in the lease that they are only warranted for 30 days, after that, tenant is responsible for any repairs.I've had a tenant replace both the washer and dryer with her own due to the ones supplied needing repair. 

Sounds good enough to warrant a conversation that's for sure! 

You'll see new (to me) acronyms like LUQs (Large Unusual Questionable Items) and, in the text, exactly what the IRS "flags" as issues that warrant examination, like large cash charitable contributions, companies that only have expenses (no income), at-risk loss rules for large pass-through entity losses, stringent requirements for the rehabilitation credit, SFR with no income and $137,111 loss, etc.

Obviously there are some people who make it in wholesaling but not enough to warrant the prices the gurus want to charge you for their "secrets."  

This also may show something unexpected like recent significant leaks that may warrant further investigation.  

The condo is non-warrantable. 

Jacob Resendez Finding, structuring, and managing the deal would potentially warrant 50%.