Your profit margin should be between 9% - 10% of the cost price Escrow cost to purchase should be between 1.8% - 2.2 % of the cost price Rehab cost should be between 1% - 1. 15% of the cost price Holding cost depending on the number of months lets work with 2months must be between 0.9% - 1%Contigency can be between 0.05% 0.1%of the cost price Your resale cost can be between 3.3% - 3.5% of the cost price These are what you need to  determine and deduct them from the estimated cost price to arrive at what you give or pay for the property which becomes your maximum purchase price come rain come sunshine. 

Hi @Grace Sunshine...have you tried your local Staples office supply store?

Micheal Mazzela, Jordon Sunshine, and Jasmine C.

Purchase price: $595,000 Cash invested: $595,000 This is basically an inside into what Success and failures I'v had while doing my first real estate deal and the mistakes iv made and learned from showing you that it isn't all sunshine and roses.

BruckmanI think solar is a great idea especially since we live in a city with year-round sunshine and the highest utility cost in the country!

Make hay while the sun shines.

It has not been all sunshine and rainbows however, one side needed a bathroom reno due to rot so we leveraged our network to complete the project for about $4000.

We have watched a ton of people leave mostly due to crime and taxes and a horrible political and union labor structure that cannot be fixed.If you want to be in the Midwest look toward central IN (places like Carmel IN and surrounding areas) and also Iowa (areas like the quad cities can be good)...but, as another member mentioned, people are heading to the sunshine states...if I was FLIPPING then I would buy in those markets.  

The term for the low wages with respect to the cost of living is the Sunshine tax. 

San Diego home prices have seemed high for at least 40 years, but $1M average price just makes the "sunshine tax" very apparent.I recognize it is not cheap to live in an area that has the climate of San Diego, but society needs service people.