Aaron Sorensen Since you are interested in fix and flips, I propose the following action plan.

Please read this article, it relates to the Chicago BnB Market and the proposed tax increase for business owners..

@Engelo Rumora the legislation passed?!

@John PowellIt's a proposed idea right now.

That should give you a decent idea of how likely you are to get an honest deal out of their proposal for a 2 week tenancy.

A good rule of thumb, widely use here, is not to exceed 70%, though we'll push it to 75% locally.Once you take sales commissions, title & escrow, fire & hazard insurance, utilities, property taxes, recording/transfer, and finance charges into account, you will lose money.Where will you find a hard money lender in southern California that will loan for 10%, in second position, at the LTV you're proposing?

He may also ask me what my proposal is so want to be ready for that.

My sister is a real estate agent out there and I was proposing to work with her.

The agent might have up to a year contract and say that you are easy to move forward on deal around the rough terms proposed or something similar to eek their needs.

I would propose a 20%?