Kathleen Nguyen a double closing is a horrible waste of money for you because the closing costs would destroy your profit.You only use the double close when the profit you are charging is enormous like $40,000 or more.If you are only charging $10,000 grand for the contract assignment,you should have gotten that money in cash from an investor who had the money to pay you immediately before the end of escrow.Yes,unless you do a double close,the bank will only finance the price you agreed to with the seller.The sellers can squawk all they want about your profit,they can't do anything about it once they sign the sales contract( if you wrote the contract properly) so don't worry about them.The buyers should not care about your profit because they should be professional enough to have the cash and know you don't work for free.Honesty in negotiations is important.

In a year you should have atleast ten grand .

My SFH in Grand Junction, CO.

It's really a good investment for the future and not a lot of money in the grand scheme of things.I don't know about your specific jurisdiction but you shouldn't have to rewire the whole house (again, unless it's in really bad shape -- which, if it is, you should upgrade anyway for various other reasons) just because you upgrade the fuse panel to a breaker panel.Good luck either way!

In 2008 Grand Rapids was voted one of saddest cities to live in the US and just this last year it was rates the best real estate market in the country.

Cash has weight but not as much as investors think.If my seller wanted a cash buyer in that instance we would simply reduce the price down until we found one who would pay a premium.Example from 3 mill to 2.9,then 2.8 etc. and get cash at 2.7 to 2.6 instead of 1.8.ORThe seller could do a wrap with 20% down and sell for a much higher price.If you applied the 50% theory in some areas the property would be gone in a few hours at those levels.50% is like hitting a grand slam when most hit doubles.Depending on the area the 50% theory does not always apply.It is simply a guideline where other factors have to be taken in.

Well Well Well, my property manager just called and he guesstimated rehab #3 at 30-40 grand when I was expecting 15.Lesson, an inspection is really nice and I strongly suggest one for people starting out.

You'll then end up repairing damage caused by the fixes.If I fixed the house up into 'salable' condition, without fixing the foundation, I'd be about 45 grand in on it total, so I don't mind just selling it heavily discounted rather than fixing the foundation issue and then possibly STILL not being able to sell it because of the previous damage the foundation issues have done to the flooring, plus it would have to be disclosed and that might turn a buyer off, even if there is a guarantee on it.Is this house on a slab or on a perimeter foundation?

Hey guysJust wanted some opinons, I am 19 , just moved to Edmonton Alberta, I hate it here but jobs are here, I worked construction and made just over 5 grand a month all last summer and now im working as an autmotive apprentice for 10 dollars an hour ( by 4th year ill be capped at 29.50$ an hour)I work 9-5 weekends off now, but the thing is Im kinda thinking about getting in construction, oil rigs again for fast money but I dont want to rethink this down the road and regret it, Fast money as in, money to get into serious full time investing as a career...I also want to move back to Ontario to get a Construction job next september...Is it worth the 65-75 hour weeks now till im 25 till I go full time investing or work 9-5 making 50k a year?

Glad you were able to find somebody to shell out a grand to live in that area today.