I don't think he understood my issue wasn't the money it's the fact that a well known agent aided the buyer in the negotiation Tough news, but probably good advice.

The good news is, if you put the bigger house into an LLC, the debt won't count against your DTI.Best of luckStephanie

It’s best to start as early as possible and be ready to produce lots of documentation.

it just takes these regulators usually 2 to 3 years to hammer them.. they know when the statue of limitations runs and usually show up at their door step at 7am when they are still in their PJshttps://www.sltrib.com/news/2017/10/12/utah-man-se...Read up on Chad Deucher he had a turn key bizz like Morris.. wreck a ton of people like Morris in the end he got nailed.these guys came into my Oregon office seeking financing when they were about 1 to 2 years in.. 

Hi, saw there are several websites that offer for money to have contracts and other necessary documents for a monthly payment.I would like to have a website that would let me add stuff and take off stuff and everything should be done ON STATE LAW.WHICH IS THE BEST.

It is pretty easy to figure out what type of neighborhood an area is based on school ratings, crime statistics, news articles, google/bing street maps, community review websites, and even just searching for the county or town in BiggerPockets. 

GeoffCosts Due at Closing Points: 3% of loan (one time) [only financed at 70% of ARV]Origination Fees: $1,020 ($400 document processing + general administrative costs, $575 legal fees - preparation and review of all documents, $30 application fee (charged at closing), $15 flood certification)Appraisal Fee: $400 - $475 (paid directly to state licensed appraiser)Insurance: ARV x .45% -- (paid for 6 months in advance before you close; can choose any insurance company as long as it meets minimum requirements HML has + lists HML as mortgagee on policy)Buying Closing Costs: 1% of purchase price (title insurance + escrow fees)Outside Costs (Holding) 4 Month Flip (120 days): 2 months of construction, 1 month on market, 1 month in escrow/title; plan for 6 months Monthly payments: 1% of loan Utilities: $230/month (varies; $125 electricity, $60 water, $45 gas)Property Tax: $3,000/12 months x number of monthsRealtor fees: 4% of ARV (multiple realtors that will list for 1%)Selling Closing Costs: 1.5% of ARV---------------------------------------------------------------------------------------------Example of House:Buy at $120kRehab at $50kARV at $230kCosts Due at Closing Points: 3% of loan; financed at 70% of ARV ($230,000 x 70% = $161,000 loan) $161,000 x 3% = $4,830Origination Fees: $1,020Appraisal Fee: $475Insurance: ARV x .45% $230,000 x .45% = $1,030Buying Closing Costs: 1% of purchase price $120,000 x 1% = $1,200TOTAL CLOSING COSTS: $8,555------------Outside Costs (Holding) Monthly payments: 1% of loan $161,000 x 1% = $1,610 x 6 months = $9,660Utilities: $230 per month $230 x 6 months = $1,380Property Tax: $3,000/12 months x number of months $3,000/12 = $250 x 6 months = $1,500Realtor fees: 4% of ARV $230,000 x 4% = $9,200 Selling Closing Costs: 1.5% of ARV $230,000 x 1.5% = $3,450TOTAL HOLDING COSTS: $25,190-------------Out of Pocket Portion for Rehab: $9,000TOTAL OUT OF POCKET COSTS: $30,095TOTAL OUT COST INCLUDING REALTOR FEES AND SELLING CLOSING COST: $42,745Calculations-------------------------------------------------------------Buy at $120,000 + $33,745 (costs) + $50,000 (rehab) = $203,745Sell at $230,000 - $203,745 (costs + rehab) = $26,255 (PROFIT)Cash on Cash $26,255 (Profit) / 30,095 (Total Cash Invested) = 87 %Return on Investment $26,255 (Profit) / $203,745 (Total Spent including all cost) = 12.8%

Guests may push back, but with photo documentation, they will usually pay.

Apparently Renatus provides you with all legal documents thats needed when making a deal, plus a network of other investors, lenders, agents, whoever is needed in the process of closing on a deal, plus mentors and up to date info on legalities in RE'ing.

Good news is the deal I THINK I can get would buy the house for 200k, rehab costs about 80k, and ARV of 500-600k.