She asks for 30 but she would probably be delighted if she shortsells it and gets 5!

Every flip we do, there is something unexpected that happens, this usually costs money.Most HML these days want 10% in the deal.

I'm trying not to be discouraged...And I certainly don't want to jump just because it seems like a good deal...I think the part of my equation that I'm not factoring in is this:If I get the home at the rate I hope (60k) and I borrow 80k that will leave 20k in reserve.10k I will keep untouched for unexpected things.

lol :oops: Hey don't feel bad it happens to the best of us in real estate always expect the unexpected it's an unpredictable game.That is why homeowners and investors always have to work hard to stay one step ahead.

I want to make sure I am allocating enough for that unexpected expense.

My plan is this will be my 'start retirement' property :-) I am going to do my standard 25 year amortization loan in case I run into any unexpected things along the way, but use the projected cash flow on this property to apply all of that to paying down the mortgage early.

Anyone know of anything unexpected that I might run across In a new construction duplex(VA purchased) that would make property management a necessity?

My husband and I decided to start the business when unexpected medical expenses derailed our early retirement plans.

Fun to make that unexpected connection.

Or maybe she needs a lump sum for unexpected medical expenses.