Would you be willing to reduce that minimum 25k profit if you could flip 3 identical properties that are all side by side?

On a different note...I was wondering about a multi well actually a six bedroom house split into two identical properties.

My comp errors included such basics as (a) not realizing that an identical floorplan in a cul de sac is worth more than one in a regular street and (b) not discounting my property for the fact that it did not have a pool.

The houses are identical, have one bedroom, bathroom, kitchen, living room, back porch, and a long narrow backyard.

innova,I have many rentals with almost identical rents here in Ohio.

In other words, same bedroom count, same construction quality and style, same size, and, most importantly, same neighborhood.It doesn't have to be an identical house, but it needs to be reasonably close, and it needs to have sold recently enough to matter.

An ideal comp would be an identical duplex with two 3/1s, exactly the same size, ranch, no basement no garage right next door that fixed up into pristine shape and sold last week.

If you're familiar with finding the net present value (NPV) of future cash flows, it is nearly identical- determining what to use for the annual cash flows becomes the important part.

Sometimes they're just used to conceal identity, so I'm not sure how often they're being used in conjunction with an LLC, but lawyers are out there pitching the use of land trusts, or trust+LLC.Also note that as a new landlord, when the bank underwrites your conventional loan you will not be given credit for the rental income of the new property.

Every property is unique, every property is different, no two properties are identical, even in condos, no property can occupy the same space as another, which is the location of your subject property and to every location there is a value