Just looked at the invoice, and the prices we're getting are actually under $1950 now for all that stuff...

Depending on how long you've held the property (if under 90 days) and how much above your purchase price you are selling it (if double the price), you may face a second appraisal and may be asked to support the work you did (receipts, invoices, etc).

Additionally, if the buyer is FHA, he may not be able to get a loan on the property if you're flipping it without making any improvements (FHA will ask for a list of rehab items with invoices).

Sell your notes to individuals that think 10% to 12% is a dang good deal.

137 views and no responses, dang that sucks

Dang banks anyway!

Dang right there is fear!

Must have invoices and then will file eviction on all tenants.

I believe Carlton was using subtle sarcasm in voicing the perspectives of a lot of men who do have unintended children...

You can get a seller pro-forma statement, seller tax returns, and all the seller's invoices/leases, and all you'll come up with is three different NOIs and three different cap rates based on that information.