A quite popular and simple calculation for rehab based properties is ARV x 70%(30% reduction) minus the repair estimate minus your fee.

Is so, I can calculate the additional property taxes and subtract that by 10% of the rents, but I'm not sure if that's even accurate.

The purpose of an LLC is to protect you and all your personal assets outside of the LLC in the event of an unfavorable monetary judgement against the LLC.I agree with the other posters that setting up an LLC can be simple and inexpensive.But would I be willing to "bet the farm" on my ability to do everything required exactly right to remain out of reach of litigious hyenas?

This business is about taking CALCULATED risks, so we want to make sure we cover it all.

Instead of getting out the Pom Poms or watching someone on TV give another sickening Feel Good speech, I use my calculator, consult with solid sources and understand my investment--whatever it is.

They were speculators betting the price of housing would continue to appreciate, and they would make money when they sold.

You bet, Josh.

Your best bet once you have the traffic and the stats to back it up is to find direct advertising from companies in that niche.

You can bet the feds won't keep anything they buy like this.

I'll bet his opinion changes when it's his money on the line.