For the up teenth time, I will state unequivocally Bill Gulley your knowledge of what not to do with money and property and picking up girls at bars is unsurpassed.I still havent gotten over that story of getting the girls ph # at the bar!

I have an idea how they do it, with hard money loans and what not.

Even if you learn what not to do you still come away with more knowledge than before you bought the program.

Its not good time utilization pandering what they'll pay per month in expenses, fees and whatnot or even worse what their end buyer will want or have to pay per month etc.

the second question is from a property detail report. it shows the lot value and improved value to show a total cost of the house by the tax assessor. then a little further down the report it mentions the tax and weather or not there is a homestead credit and whatnot

I was looking specifically at nevada to form my LLC and get a DBA because they dont have other licenses, tax ID #s and whatnot that are needed I believe.I got a UPS box, 1800#, voicemail, business phone, domain and hosting.Tomorrow Ill order businesscards, signage, form the LLC+DBA, register a EIN, look for a VA, make social media profiles, buy seo packages off fivver and call the bank to see whats needed for a account for this new venture.Am I forgetting anything major?

If you used a partner when sold, you will give up 50% of your profit, (say there are no commissions and what not) you will give up $30,000 and you have a partnership.

Those holding costs may be different for you but are generally, utilities, the actual payments on the house if you have any, maintenance like gardener or what not, and insurance.So 65%ARV - Rehab = Purchase PriceOriginally posted by Shannon Xerri:if paying in cash how much should you bring down the price, but still beat all the other offers?

Going and doing a first deal cold turkey with no knowledge is a good way to learn what not to do, but i think by first getting educated will help to eliminate the doubt one has, and also help eliminate the risks involved with the deal.

We currently have a couple single-family.Any feedback on what to do, or especially what NOT to do would be appreciated.