Looks like this Company is generating cashflow from the margin on the leases and it is doing that with hardly any Capital investment and no risk on Repairs.

Purchase price: $145,000 Negotiated 30k off of ask to increase clients margin on his first flip.

Wholesalers send deals but 20 other investors are bidding for smaller margins.

Seems like it's probably a fairly saturated market with slim margins, but considering it's a hobby already, might as well combine them? 

Your margins are pretty slim if you ever want to move out in the first year.

Bidding on contracts:Some companies/people quote low to gain the contract, then they start to skip services or produce lower quality to maintain their profit margin. 

as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.

Mortgage rates will be back down it's not "if" it's a "When" and that is very soon keep in mind the rates took a dramatic drop end of December into the first 2 weeks of January but it was too short of a window for the media or general public to notice until the 1st CPI index report with "Garbage numbers" so it caused a pull back on the bond market and MBS.There are some loopholes right now in FHA, VA and Fannie Mae since we are seeing more "Margin" built into pricing.

But we contract with our margin sub $190 per SF right now all hard costs. 2 points 12% for investors. that's in Columbus Ohio for single family and multifamily ground up new construction 85% LTC

We tried to get it for closer to $160, and the seller wouldn't budge more than ~ $2,500.Our realtor sent comps and has been assuring us that relisting for a minimum of $250k is realistic and creates a good profit margin.