And yes we get a deal when we contract for 90 house plans we pay 2100.00 per plan and that include engineering.

You should go to your local REIA, there are like-minded people at these events that can always give you tips and insight too.

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

This makes it harder for a buyer to evaluate and feel comfortable paying market price for the property. 4.

Always pay on time, take care of their units as if they were their own, etc.

I know there is no basis for the $125k number, but should I be bracing myself to pay her out something?

Create a realistic pro forma profit and loss statement to determine if this business has the potential to pay any more than you could make working a “no risk” job. 6.

I really appreciate it If you can pay in cash and not deplete your liquid cash below your emergency savings bucket, I would go cash right now.

Before you pay for any course or mentorship, I would read up on Flipping.  

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.