Then start subtracting your cost of materials: $8 each belt (*10) = $80 .75 cents each edger disc= $75. 5 gallons of poly= $200 (if you're buying decent poly). 2 gallons stain = $804 screens $30Buffer, drum, edger rental $350 or moreNow you're fast approaching $800 in materials and rental equipment, plus your 4 days of labor and opportunity cost.

I knew they owned their house free and clear, so I approached them and basically said this: "I've researched homes in this market for the past 7 months, I have one successful flip under my belt - want to put some of your free and clear mortgage into play and I can make you more money than your savings account will."

After you get the first one under your belt, I'm sure you'll be itching to buy more. 

A good mortgage broker or banker can advise you on the details ...OK ... this is my beef with the Podcasts and success stories like these ... most of the time if you study them carefully, the person with the success story is what I would consider a newbie ... they may have a few deals under their belt, but have only been in this business a few years, so all they've ever seen from a RE market is green pastures, they haven't lived through a downturn.

(Zero being just that or are you an expert in a trade with a minimum of ten years under your belt?)

@Lemont Williams run the course to wholesaling if thats what you intend to do ive been in real estate for 2 years and have over 20 wholesale transactions under my belt.

I know the belt line is suppose to be coming through the area and ga state purchased Turner Field.

Midwest and Sun Belt (among others) are a good for that.

Good morning everybody, I have been a long time reader of these forums and have decided it was time to start contributing more to a community that has been very insightful. Here is a quick rundown of who I am: I owned...

After you have a few transactions under your belt, you can consider going it alone.