They also don't ever mention closing costs or holding costs when factoring profit.I actually feel like some of the prices they pay for remodeling are high.

Make sure you purchase the property for a low enough price to adequately factor in ALL of your expenses, repairs, and profit.There are a couple money issues you will need to factor before buying a rehab.

Then as for talking to the seller, here's how I would approach him/her.When I call, I would first make a list of all the negative factors and all the positive factors.

As I understand it, the lender factors in projected rent receipts when looking at the additional cost?

Do people make real money at this on a consistent basis, after factoring in *all* dollar costs and time spent?

What are some of the guidelines I should follow when trying to figure out if a deal is good or not?

Say for example i'm getting $2000/month gross from a 4 unit in my area (it's cheap around here)

That house would pr...

What are some factors to consider when inheriting a house from deceased parents?

There are actually many factors the would be looked at to determine the payoff on such a note but you should be able to get much more than the 1.5 previously discussed if you do things right.

This will not only give you an idea of what houses are selling for over there, but also an idea of what they are NOT selling for.Slow is not a factor for me, as this is the house I want for me, not for resale.

I'm just finishing an Architecture program, so I really enjoy the design + build aspect of the real estate business.