You could have a minimum capital requirement to have in their accounts during the life of the loan.

a) Plum Creek, Kyle - 1900 SF, 4 bed 2 bath, corner lot, large backyard, great school district ratingb) Whisper, San Marcos - 2300 SF, 4 bed 3 bath + study room, moderate backyard, OK school district ratingThe Whisper property is about $20K higher priced.

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.

Hello BP family, I'm looking for a financial advisor/tax advisor/accountant in the San Diego area.

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

I am not an accountant, so consult with a qualified tax person. 

It's like the Zillow Estimates... it just aggregates the data from across the board, which is a good start, but it won't account for nuance and detail (e.g. a corner property selling for a 5% premium compared to non-corner).

This is a case study in the importance of due diligence and how experience with construction can help save you from making a bad deal. 

I went the same route as you, studying for my real estate salesperson exam over the course of the previous summer and fall, eventually obtaining my license over winter break.

I’ll be moving to Madrid in September to study my Masters in Real Estate.