Cooperative RehabThe pieces to the puzzle area) costs to resell at $200K = 10% or $20K (6% commissions + 2% closing + 2% wiggle room)b) private lender loan $20Kc) private lender interest 10% $2Kd) your JV fee say $10K (negotiable)``````````````````````````````````````````````````````````````````````````````````20 + 20 + 2 + 10 = 52K --- from $200K = $148K net to sellerCompare the 2 offers - $115,000 vs $148,000No Brainer!

And I agree about the $15 not equaling $100k, which is why I was puzzled.  

. :-)I am not experienced enough nor numbers smart enough to figure this out with confidence but I am devising a plan and would be very grateful for input from some of you who are so brilliant at figuring out what I call real estate puzzles.

The puzzle part was how it got there in the first place.

Fun little puzzle. 

These methods show you how to pay your first mortgage off using your heloc, which is the first piece of the puzzle, but the second part of this information is handy in understanding how to properly utilize a heloc for just about anything in life.

@Dave Foster or @Logan Allec,Am I understanding you guys right as far as the depreciation portion of the puzzle?

@Cynthia JohnsonI think you may be looking at one piece of the puzzle of 5 points to consider.1.

The biggest pieces of the puzzle for me when I first started out were understanding the math, understanding and doing my due diligence, and having a general plan of attack for the flip beforehand.  

Also, developer and builder are two different pieces of the puzzle.