Naturally I told him.Can you imagine blowing off what to him would have been 27-31K in profit for a lousy 3K?

Generally speaking your local MLS is usually one of the best places to pull comps.

*Construction - if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps. that are wood or vinyl siding.

Wendy,Sounds like you're a Natural!

@Jamar Arbelo Be on time for bill pay, do not pull high credit amounts 30%-50% of the credit (if you have $10K limit on CC use only 25% or less), do not open and close CC/accounts all the time, do not get inquiries for new financing all the time, and do not have any late payments. 

You can pull your cash out for fix-and-sell deals and pay off the credit line, and build up enough cash to buy another fix-and-rent property and do it all over again.

You can normally borrow up to 50k that way.If you are a contractor and do the work yourself you will still have a hard time adding a second story and bathroom plus other repairs for under 50k.My swimming pool cost more than that.If you can pull it off however creative you get with it,you still have to sell by 01/07 and for 335k.or preferably alot more.

Let me say that I've already told the realtor I am not interested in this property, but I would appreciate her digging me up some more to look at.I pulled the comps this afternoon just to make sure I wasn't batty, and the homes within a quarter mile of this house over the last six months sold for an average of $110 per square foot.

Learn the costs of materials, learn how to pull proper comps, learn to inspect a property correctly, and above all learn to trust yourself.I believe that the one reason more people dont get into flipping properties is not because of risk, but instead because of self doubt.

. $25 for 4-5 small flower pots and pulling all the weeds makes a place look much nicer.