I feel confident in my ability to estimate, but I'm not sure that I'd bet $10,000 on it!

I got lots of notes without putting money in, my credit and ability to pay was seen as a much safer bet, small discount and interest spread and you continue to march.

Certainly an investor is not going to give full rein to the agent.Gc overseeing the rehab - good luck having them include design and pickibg out items for each house, good luck paying them cost plus and keeping them incentivized to keep costs down.Finally, even after you take all the these cost factors, by the time you get to your final figure, I bet it comes out damn close to 50% of profit, which as Justin pointed out, us quite different from costs.KISS is in order here, no need to make it so complicated.

Bet you have a headache!

Central banks print money and governments spend money as if there is no tomorrow, and all bets are off.

I'm not sure exactly where that is in FL but I do know if you plan on buying properties there I'd bet that the local economy will be positively impacted b/c of your move there.

I have no idea where he's been since, but he runs some sort of investment outfit and seems to have survived so far.The same high-risk stupid bets had brought down the system several times in the past, the most famous being the Great Depression era, which made the high-risk idea rather unpopular for quite a few years.

Of course it hedges it bet with the standard "all real estate is local."

I would bet a true comp would be lower...IMHO.I would base it on 60k to be safe, but make sure you confirm this with comps.70% of 60k = 42k42k-15k repairs = 37k3k closing cost = 3kMOST I would offer is 34kAgain if he motivated he motivated.

Originally posted by Randal D: comps in area run about 155K (need more comps however)instead of seeing what's being sold retail, check to see what's been foreclosing in the immediate area and I'll bet you that you'll find that the comps don't come near that amount.