. * 1300 = 39k for cosmetic work New Roof = 7-10k for new roof ($7500 as safe #)10k for new HVAC systems & updatesyou're at 56.5k on a really quick swag.  

Don't be too quick to just allow anyone into your beautiful rehabbed property.

Each state is different and time can be quick (Texas) or years (New York).

Hello @Gina Jackson - I too made excuses for a full decade before I made up my mind to proceed with REI, and things have been great and moved quickly since then.

It's quick and simple profit.

I have flexibility on timing (sort of) but wish to act as quickly as possible. 

I am a fairly new agent still learning the ropes and while looking at the MLS data for my area for turnover rates, all the peak turnover areas around me are HEAVILY farmed already, but i found 2 that had great turnover numbers for over 5+ years compared to other areas and not one single agent in the area had more than 10% of the sales, but when i drove out to see the areas i found out quickly that both are gated communities with no soliciting signs everywhere... 

BUT NOW due to mining recession house prices are plummeting and so are jobs - it's not looking better in the close future.My girlfriend and I have joined the "Rich Dad" based mentorship program for the UK and connected with a local investors group who already invest into UK (with the same program).The plan is to start with lower budget "buy to let" and find the odd good deal to flip a property for cashflow to reinvest.

Hi @Rick DoctorThe 2%, 1% or 0.8% rules are rules of thumb, something that allows you to determine quickly if a property is worth looking into further. 

I'll do my best to keep it concise and interesting :)About me: - Interest in real estate started while in college (Rich Dad Poor Dad)- Worked in sales and management after graduating- Built a real estate investment portfolio part time while working full time- Quit my W-2 job after 3 years and went full time self employed- Started and sold a successful ECommerce business (Still partial ownership, but silent partner.  4-hour work week anyone?