There are times that we do take out loans for larger projects or bring in partners for projects, but even then do our best to keep it under 10%.I see some big changes that will be coming after the next election and I don't want to hit bottom.Our current president got voted for by some because they would get a free cell phone, they would no longer have to pay for gas, they would get free health care, and so on.

One bath, clawfoot tub, gas range, old everything.I'm pretty sure it isn't haunted, but it's kind of scary.

My father bought me my first car when I was 16 and in less than a year I was able to flip it and get a better car. 20+ vehicles and 4 motorcycles later and I ended up with a Kia that gets amazing gas mileage and some cash that has been in the bank.

notice the "$XX,XXX"...i think mike is located in Ohio.you might be able to make an $XX,XXX offer - but if you're located in say, Long Island NY - you're offer will have to be $XXX,XXX for starters...also - if you're in a place where the market was very good, sellers (about 95% of them) will be expecting A LOT more than what you'll be willing to buy it for.talking to the owners in person is definitely a good way - like mike said - once you've established the ballpark price you'll pay - otherwise, letters and driving to houses is a waste of your time, gas and ultimately - money - cuz it all breaks down to money either way.in my experience - letters of intent are a waste of time, especially if you're sending them to real estate agents.

Meaning after you buy the sucker, be prep'd to find water leaks, gas leaks, bad furnace and just simple things that wont work.

I did buy a 47 room motel resturant and marina on golf (Portmansfield Tx) 375 ft golf side 175 ft port side. 500 ft pier w/ 20: 40 ft slips, gas and bate.

When I first started rehabbing and didn't have any idea what things would cost, I found two reputable GCs (based on recommendations by other investors) and paid them (about $50 each, to cover time and gas) to come to a couple properties and give me estimates.

This money essentially replaces the expenditures for advertising, direct mail, signs, time, gas, materials, etc., as acquisition costs.Now that I think about it, it's essentially a turn-key wholesaling franchise, and there are benefits to buying a franchise.

I can help you with office buildings from $20MM to $200MM+ but would be worthless for gas stations and many types of land deals, for example.

Are you also adjusting your rehab expense for things like the furnace, water heater and broken or missing water pipes, perhaps a gas leak in the basement or worse in the front yard.