I've also adapted a business model where 10% of every major good deal that goes through, gets funneled directly to these kinds of efforts--kind of helps keep me humble, oriented on what's really important, and makes sure it doesn't get brushed to the sidelines in a money making bonanza.

Brushes?

When I started I just factored backwards to what I would make on the deal and decided whether that was enough money or not.I know a lot of new investors brush over the 70% of ARV minus repairs formula, but it really is where you need to be.

In Jim's original post, he didn't specify what he meant by "equity", but in his second post he brushed on the idea that repairs are not included in equity.

I think I would have done like @Dan C. and just brush them off.

@Ed WoodThe article paints with a broad brush and draws conclusions that don't apply everywhere.In one county that I deal in, the number of foreclosures at the LAST sale was the most in history!

YouTube and Google are your best friends when you get stuck.Painting and clean up are the easiest, followed by drywall and tiling (drywall requires a lot of patience due to having to use multiple coats of mud), and then comes plumbing and electrical.Get the right tools for the job - a good cordless drill and saw, trowels, paint brushes, etc. the extra few dollars will save you a lot in trips to the store and lost time.

John thank you for the the welcome, Honestly a family member told me about a house, and asked me to parner with him, Ive been brush up on education for weeks, then i got a call, saw an opportunity and took it.As far as me know exaclty whats gonna happen in midtown, im unsure of, ill start paying more attention to sources, however is there any place special i should look to study my environment?

Letting it dry in its own time helps the finish flow smoothly and eliminates any brush or roller marks.

I brush off the shoulders and keep it professional with a close and a smile.