@Andrew Syrios Actually, ARV ($326,450 sure looks like a Zestimate type number) time 75%, Then subtract repair costs, not before calculating 70%.

hi donnell. equity evaluation is hard. basically, you need to find comps in the area. look at the average price of those and subtract what the flip house is selling at. thats your basic equity. then, of course you have to add in your rehab costs to see where you are at. if, after purchase and rehab, there is a positive difference between what you have invested and what you could sell for, thats your equity. 

Find out what it will cost you to get the work done, subtract that from your offer and present that as your new offer to the seller.

Do they subtract the taxes and insurance and then use 75% of the rent?

When you are determining an offer price are you subtracting the average costs of hard money?

Because the "costs to sell a property" is about 10% so if it's worth 170 it costs  17k to sell, I don't see where there's a payday thereOnce the foreclosure starts,you've  got a huge amount of attorneys fees and interest subtracting from the equityThere's no deal here, it's just a waste of time

We then subtract the interest applicable to the loan and we are left with $2k ($11k - 9k).

(Subtract that from sales price toget loan balance.)How much are the monthly payment on the mortgage?

Just add/subtract it all up, and that's your net profit before taxes.In terms of the tax confusion, you likely either paid or were paid excess taxes when you purchased (pro-rated, depending on where in the tax cycle you were), and then either paid or were paid a pro-rated share when you sold. 

Once QuickBooks subtracts the minus signs from the debits, it will give you the total money of the check.