I was actually supposed to close this coming Friday (5/31/19) on the home, until I received the closing disclosure yesterday from the bank with an estimated monthly payment that was WAY higher than what we anticipated ($1100 vs $800-850). 

I can't see how someone will be willing to pay at the very least $157,000 which is what it's estimated at.

FYI, always get some kind of proposal, job scope, estimate.

Here is my financial picture:40k in consumer debt75k mortgage60k in student loansMy assets:155k is the value of my homeMy current plan is to do the following:Sell the houseGiven I sell the house for 150k I estimate after closing costs, realtor fees, paying off my consumer debt and existing mortgage I would have 25k left for investing.

Many people I have talked to started with flipping 90k-100k properties, but estimating repair costs seem to be easily underestimated for a newbie.

On top of that, the costs of owning a home are surpassing the costs of renting, so more and more people may rent for the long term and it is estimated that renter households will outpace homeowners by four million.

Our agent estimated our place in the high 400s and this place is pending at a 510 list price (waiting on to close for actual price0.

https://www.biggerpockets.com/blog/2015/10/13/real-estate-capex-estimate-capital-expenditures/ https://datausa.io/profile/geo/oroville-wa/

Afternoon Everyone I’m looking at properties in pre-foreclosure estimated value is 465,000 original loan was for 326,463 the beauty is there’s 138,537 in equity the owner has been served an nod non payment of $17463....can someone walk me through how to make this work full disclosure I have not reach out to the owner yet just the details I was able to pullOr is it better to find something with a lower original loan and default can you purchase the default the default amount or does it because a discount off the original loan that the owner still has to pay?

The only people making money wholesaling are the guys selling the education.Now that we've got the above out of the way let's get into the skills you are going to need to make some serious cash putting motivated sellers in touch with investor buyers.An in depth knowledge of the market.Marketing skills.Sales skills.Negotiation skills.Accurately estimate rehab costs.Understand how to much time it would cost to run a renovation on the properties you are presenting.