Hey everyone I just wanted to share our first full house flip in the Grand Rapids, Michigan area.

When he gives the example of offering $100k, when all the wholesalers offered $70k, that $100k is an illusion and the grand total she'll get over the life of that loan in today's dollars is between $45-55k. 

For our first property I'm definitely looking for something that will cash flow at least a couple grand a year, which I haven't had much luck with in the current climate, but I'm still getting started and digging deeper.

I know in grand scheme these are not significant costs but trying to run a tighter ship.

Now in your situation I would do exactly the same thing, but you probably don't have to get that deep in the forest to borrow 10 or 20 grand from a family member that has it disposable enough to lend to you. 

I love to code but I hate paying $100 grand to get a piece of paper that says I can code.

Where are you in the grand scheme of things. 

@Jay Hinrichs How are your deals going in Grand junction?

@Aidan MulliganI was told by a few CU that the closing cost and fees will still be a couple grand even for 60k.

I would never immediately bump up the rent after buying a property with an existing tenant because i wouldn't want to run the risk of immediate vacancy and that extra $175 per month might cost me a few grand with vacancy/turnover issues.