Having bought the property for £128,000 we sold it 18 months later for £322,000 our Real Estate investing career had started.Since then we have bought and flipped many of our own personal homes whilst living in concrete dust and wood chippings and in 2006 having made an international move to Canada we began wholesaling from the moment we discovered that 'paper flipping' didn't involve the renovation work!

Not sure this has even been addresses much in the podcast as far as estimating prices.Thanks again everyone for chipping in!

If all the chips fell into place before then I think I would take the chance though lol.

Tell the loan officer you'll chip in your $20k if the bank matches with $80k so you can buy $100k worth of the mutual fund and maximize that 12% return.

This way I protect the equity since MFH is valued on NOI while I also cash flow, stacking my chips to buy more leveraged real estate in Seattle when the market plummets again, Even now I'm saving cash for that purpose.

While it's great to get to know the contractor and to chip in with a mild amount of sweat equity - I can see how easy it would be to use a LOT of time on tasks that don't really affect the bottom line much.  

Instead of discounting the rate, use the current rate as a bargining chip and discount the price to the present value of the loan for a few years!

I believe I heard on one of the podcasts that the property has to meet certain standards such as no chipped paint on exterior walls, etc.

I wasted a lot of time returning chipped tubs a couple weeks ago.  

add coin washer and dryers also if you can vending machine with sodas and chips and candy.