Regarding deal analysis, I would propose What Every Real Estate Investor Needs to Know About Cash Flow...

I spoke to one lender who proposed a $114k mortgage at 3.25% with $8k in closing costs.

The proposals I saw also had rehab estimates included.

The other homes had not been remolded for decades but we proposed doing a modern renovation and the board approved of it, started off shaky at first but as time went on I think they realized we were trying to help the neighborhood and build a beautiful home.Definitely think talking to the board beforehand and getting to know people face to face helped a lot in this deal.Here are the numbers:$170,000 Purchase Price$8,000 Closing Cost$4,000 Holding Cost$75,000 Renovation (new: roof, siding, windows, front porch, back deck, HVAC, floors, kitchen, two baths, trim, paint, doors)$20,000 Selling Costs$315,000 Sale Price$38,000 profit.Some pictures, more can be seen on my website: kenbuyshouses.net

Basically, he has all the money, and I have all the time.He currently owns 18 properties and is a Doctor, with very little free time.Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too.

It is really hard to compare apples to apples here because seller financing allows you to do more or less whatever terms you and the seller agree to, that could be amortizing over 30 years or it could be interest only over 3 with a balloon at the end, so you can propose different structures to get you where you need to go.

https://www.bizjournals.com/lo...Good to get some new builds in the area, but I wonder if the area will be able to support that much inventory. 

Basically, he has all the money, and I have all the time.He currently owns 18 properties and is a Doctor, with very little free time.Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too.

They have proposed the following..."

I have considered coming to my dad with a proposal to be an investor with us, but still not sure what to do with our current house.Thank you so much for prompting me to think bigger!