I have my eye on another one which I would flip because it will be a pretty extensive rehab.

I have the bank on hold for another extension and I am now looking for a new buyer.

Granted this is easier changed than exterior lines, but can be expensive.I think we're probably approaching a "sea change" in utility consumption in the house.

Show me where I'm estimating incorrectly:$6,400 - purchase closing costs (assume 1%)$13,600 - points (2%)$40,800 - interest (12%, 6 mo)$3,000 - insurance, taxes, utilities$64,000 - sales closing costs (assume 8%)$127,800 - purchase, hold, and sell costs.$7,800 - net lossNow, maybe you could cut 3% off the sales closing costs by doing it FSBO.

You know very well that sales have slowed down significantly, and although they will pick up eventually, we have to utilize all the tools at our disposal to make it through the storms.

I have a website with extensive graphics, I am in the yellowpages with 2 big ads.

Just ask anyone that's had to help with evictions on a few crack houses; Or having to visit a property once a week and make maintenance and utility payments for 4 months before ever listing the property.When you make your offer directly to the bank or asset manager, that offer is sent back to the listing agent; in some cases (very few), this act can cause the agent to be looked upon in a poor light.

Operating expenses include taxes, insurance, management, maintenance, vacancy expenses, advertising, utilities paid by the owner (at least during vacancies, rehab, etc), evictions, court costs, entity maintenance, legal fees, common area upkeep, lawn care, snow removal, office supplies, damage done by the tenants (in excess of the deposit), lawsuits, capital expenses (although not technically an operating expense), etc, etc, etc.

What do you DISLIKE the most about PM's you have utilized (besides, you know, Fraud!)?

how are utilities divied up?