You may get sued for discrimination.PGAin't life grand?

Just to be safe I could up the repair cost up to a few grand, but nowhere near $10k in repair work is needed on this house.Originally posted by Brian Hoyt:General rule of thumb is that you SELL the house for 65-70% ARVSo you offer:65% ARVminus repairs minus desired assignment feeTherefore offer = 0.65*65,000-500-7000 = 32,800I doubt the house needs only 500 in repairs.

I would assume you want to make at least a few grand for your efforts.

I keep trying to get them down to 133,000....so I have a tiny bit of money left in the account for fire insurance but they wont go any lower.Can someone lend my IRA 5 grand and if so how is that done?

Although this would break the MAO formula of 70% - repairs could I still wholesale it and do an assignment of contract and make a few measly grand since it has about 70k in equity?

If there is a good deal with a little work to be done, its no problem coming up with a few grand.

Those few miles makes a huge difference, except when I have to go to my investment properties in Coolidge and Casa Grande.

Also, I realize the system is different in every area which is why I posted this in a Grand Rapids specific forum - Do you have any actual local experience to add?

Maybe it would make more sense to find a mentor and use that 50 grand and get whatever needed to cover the difference and just BRRRR it?

I still see it as a decent deal since insurance won't be more then 1100.. cash flow would be great since if everything works accordingly I will only have a few grand out of pocket after refi is successfully complete