Also, there are lenders that won't discount at all from the BPO price so there is no profit margin for you.I like to shoot for $20,000-$30,000 profit but if I end up with less, I won't cry.

Similar to shooting themsleves in the foot, making their ridiculous claims and spam places them front and center for us all to see, if need be.Perhaps having this thread hidden from the dashboard and only those ywho need to see it will go find it.

Im constantly picking up property in Houston shoot me some info lets make a deal

quick note here...almsot everyone shoots from the hip and recommends an LLC these days...i don't know your situation, your business model, or your CPA so it could be right....but i like to talk to a few different CPA's and other people who've been there before...most of the flippers on this board recommend an LLC taxed as an S-corp...supposedly by paying yourself a salary, you eliminate self emloyemnt or FICA taxes or something...i couldve gotten that wrong, and you may already know this..but i thought i'd throw it out there just in case...if i mentinoed something you hadn't thought of, definitely research it on this forum bc i'm sure i got it wrong and you can double check with the know-it-alls!!

I'm shooting for 60%.

Shoot, most people could walk into a house and be able to tell if it needs TLC and could probably point out what kind of TLC aside from mechanicals.

While the shooting occured he left the business unattended and revenue was way off, inventory and equipment was stolen, money was stolen, etc.

Wish I could say that I came up with some great mathmatical equation that would make Einstein jealous, but I am just shooting from the hip on that one.

The main point that I'd try to push is that if he was willing at financing me at 0%, it would allow me to be able to pay him more down, and more total, while still keeping it in the profitability range that I am shooting for.

Always looking for more bird dogs :) If you want to shoot me a message I can give you my buying requirements and start doing some deals together.